|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
* "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