Companies like Apple, Microsoft, Oracle, and Google parent Alphabet all have vast fortunes sitting in foreign bank accounts, not taxable by the United States. Apple itself has an eye-whopping $246 billion in overseas accounts. That’s more cash than the U.S. Treasury generally has on hand at any given time.
You may hear in the news that Silicon Valley detests the current administration. That will only go so far. Tech giants will need to work with the White House and Congress over the fate of their money.
