Apple could save another $4 billion, in theory, under Republican tax loophole

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Republicans who rushed the biggest corporate tax overhaul in decades inadvertently created a loophole that could allow Apple to save as much as $4 billion on its tax bill, experts say. The “potential loophole” only applies to companies whose fiscal year starts before Jan. 1, like Apple, Cisco Systems and Microsoft Corp., and shuts out other companies whose fiscal years follow the calendar year, like Google parent Alphabet, according to Harvard Law School professor Stephen Shay, Reuters reports. The...

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