Apple could be the biggest winner of the tax plan
The Apple logo is pictured at the Apple store in Oberhausen, Germany. Photo: Martin MEissner
"Apple will see as much as $47bn slashed from its expected tax liability if Republicans push through their current tax plan, making it the biggest beneficiary of the legislation," the Financial Times calculates.
"The potential windfall for the world's most valuable company stems from the reduced tax rate that would be applied to foreign earnings that it currently holds outside the US."