Microsoft Ireland transferred a massive $77 billion to the United States last year

Reading time icon 1 min. read


Readers help support MSpoweruser. We may get a commission if you buy through our links. Tooltip Icon

Read our disclosure page to find out how can you help MSPoweruser sustain the editorial team Read more

Microsoft

Thanks to Donald Trump’s tax overhaul, Microsoft has brought back a massive $77 billion to the United States last year.

In general, US companies have to pay 35% tax when they bring their offshore money back home. But Donald Trump last year announced a tax cut through which corporations can enjoy a one-time 15.5 percent tax rate on cash and 8 percent on non-cash or illiquid assets, regardless of the country from where the money is brought back.

In 2018, US corporations as a whole brought back $665 billion. It looks like more than 10% of that number was contributed by Microsoft. With this transaction, Microsoft’s total cash balance outside the US will be less than $70 billion.

User forum

0 messages