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Some Companies Could Get Big Boost from Tax-Law Quirk

The timing of companies' fiscal year-ends could give some an edge in paring repatriation tax tab.

By Lynnley Browning, Bloomberg | Updated on January 11, 2018

Companies that stockpiled trillions of dollars offshore free of U.S. income tax may get one last break before paying up—provided their fiscal years don’t follow the calendar year.

A timing quirk in the tax overhaul that President Donald Trump signed last month may be good news for companies such as Apple, Microsoft and Cisco, all of which began their fiscal years before Jan. 1. Firms including Alphabet, Amgen and General Electric—with fiscal years that began on Jan. 1—appear to be shut out of the benefit.

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