Skip to content
Subscriber Only

Tax Bill Takes Extra Bite of Apple and Other Global Companies

  • ‘Opaque’ new tax seen preventing offshore profit-shifting
  • Koch-backed group cites concern over higher consumer prices
Bloomberg business news

KBW's Gardner on Tax Reform's Impact on Multinationals

U.S. multinationals including Apple and General Electric are suddenly looking at as many as three new taxes -- estimated to raise $454.1 billion over a decade -- under the House tax bill released Thursday.

For some, their tax rates may wind up higher than they are now, experts say.