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Technology Stocks : Apple Inc.
AAPL 169.370.0%Dec 8 8:10 PM ESTNews

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From: Moonray12/6/2017 4:28:35 PM
   of 200570
 
Apple and other tech giants may get a 'stomach
punch' from this last minute addition to the tax bill

* The Senate included in its tax bill a corporate alternative minimum tax.

* If the corporate tax rate is lowered to the proposed 20 percent and an
AMT remains, the concern is it will ultimately result in higher taxes for
tech companies.

* "With many tech companies such as Broadcom, Apple, Microsoft, Cisco
and Oracle among others significantly ramping up R&D this would be a
major stomach punch to tech players if the Beltway does not amend this
AMT last-minute addition into the bill," analyst Daniel Ives says.

More at: cnbc.com

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