Cisco to Repatriate $67 Billion Under New Tax Law
In January, Apple announced plans to bring the vast majority of its $252 billion
in cash held abroad back to the United States, paying a tax of $38 billion.
“We are clearly seeing the results of the strategy we’ve articulated over the last 10 quarters,” the
company’s chief executive, Chuck Robbins, told analysts on a call after the earnings were announced
Cisco Systems has unveiled a plan to bring $67 billion
that it holds overseas back to the United States this year by taking advantage of the recent rewrite of the tax code.
