Tencent Technology News, including the United States, Apple, Google, Microsoft, Amazon, including the United States science and technology companies, overseas deposited huge profits and cash. According to foreign media latest news, an analyst at Wall Street predicts that by 2018, the Silicon Valley company will be about 400 billion U.S. dollars in cash back to the United States.
U.S. technology companies have been storing huge amounts of cash overseas and have become a sensitive topic. In the EU market, European governments have criticized US technology companies for avoiding tax in every possible way and for transferring profits to a tax havenshift through Ireland. The EU is asking many U.S. companies to pay their taxes in history.
In the United States, politicians and businesspeople also believe that a large amount of overseas cash has been delaying the payment of taxes in the United States and should be returned to the United States as soon as possible to promote domestic investment and economic development.
According to a CNBC report by financial news website CNBC, Daniel Ives, an analyst with Wall Street technology market research firm GBH Insights, released a research report recently that large US technology companies have deposited 550 to 600 billion U.S. dollars overseas in cash. It is estimated that 2018 During the year, 400 billion U.S. dollars will be transferred back to the United States, and Apple accounts for 200 billion U.S. dollars.
Evans said that in the past overseas cash required to pay up to 35% of the United States corporate income tax, the Trump administration completed a tax reform, overseas cash only needs to pay 15.5% of the one-time transfer tax burden, so the United States will set off the transfer of overseas cash The wave of large technology companies which will also become an important beneficiary.
Apple is one of the richest companies in the world with cash of around 260 billion U.S. dollars, most of which is stored in overseas tax havens. During the 2016 US presidential election, Apple's overseas cash has also become the topic of Trump and others.
In the face of hot externalities, Apple CEO Cook said in public that the U.S. government is over taxing corporate profits overseas and needs tax reform. In the end, the Trump administration used the move to meet the demands put forward by Cook et al.
In 2004, the U.S. government introduced preferential policies on cash back overseas, resulting in a large amount of cash back to the United States. The above analysts said 90% of the refunded cash in the year was used to repay corporate shareholders in the form of share buybacks and increased dividends.
For this year's return of cash, Evans believes that 70% will be used for shareholder returns, the other 30% for investment spending, mergers and acquisitions, research and development.
Evans said that by the impact of overseas cash back in 2018, Apple will appear more share buybacks, dividend growth, large-scale mergers and acquisitions, "We strongly believe that the timing of Apple's bold acquisition has matured, including Gambling in new growth areas such as online video. & rdquo;
Earlier, Macquarie Research, another Wall Street agency, predicted that all U.S. companies, including the technology industry, will have up to $ 860bn in cash back this year. The agency believes that the cash back will stimulate business investment, and lead the dollar in the first half appreciation.
At the end of last year, Morgan Stanley pointed out in a report that among the multinationals in the United States, Microsoft, Apple, General Electric, Pfizer and IBM have the most overseas cash.
It should be pointed out that although Apple holds more than 200 billion U.S. dollars of cash, but in technology companies, Apple's acquisition of interest is very light. Two years ago, Apple bought Beats Electronics, a headphone maker and music service, for $ 3 billion, making it the largest merger in Apple history.
Using Beats' music streaming service, Apple transformed the brand and launched Apple Music Services, and has now become the world's second-largest music service provider earning $ 300 million a month.
The media and analysts have also made various predictions as to whether Apple is using overseas cash to start M & A. It is said that it is very likely that Apple will acquire Netflix, the largest video and video website in the world, or the television media giant Disney Company.
However, in the field of video content, Apple is currently investing in a large number of Hollywood talent, with a total investment of up to $ 1 billion this year, having previously acquired the rights to multiple episodes. From these moves, Apple's enthusiasm for acquiring a video content company is not high.
In fact, Apple is already a crisis-stricken company with cellphone sales declining for more than a quarter, with tablets and PCs already in the sunset market, which has been declining for many years, with Apple no longer defining any new market after the iPhone came out 10 years ago Innovative products.