Many know that who ultimately lands in the US White House can impact how US Tech Companies respond as well as their investors. This article discusses some of the potential impacts resulting in a GOP President for Apple and Google https://lnkd.in/bxWft89
Equity markets tend to overreact to the potential for major political policy changes, but a new report by UBS analyst Steven Milunovich indicates that some of the biggest U.S. companies could be facing a real possibility of major tax bills if a Republican is elected president in 2016.
According to Shane Lieberman, Federal Affairs Manager in the U.S. Office of Public Policy for UBS Americas, companies with large hordes of cash overseas, such as Apple Inc. (NASDAQ: AAPL) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) may have a lot more riding on the election than investors realize.
Related Link: New Apple Supplier Data Are Highly Correlated With Revenue.