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Silicon Valley Doesn't Need Trump Tax Holiday for M&A, but It Would Help

President Donald Trump and First Lady Melania Trump

If the Trump administration instates a tax holiday allowing U.S. companies to repatriate cash with a reduced bill from the IRS, the tech sector will benefit disproportionately.

Of the $1.3 trillion in cash that Moody's Investors Services estimates that all America companies outside of the financial sector held overseas at the end of 2016, $505 billion belongs to Apple (AAPL) , Microsoft (MSFT) , Cisco Systems (CSCO) , Oracle (ORCL)...


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