Tuesday, March 20, 2018

Toll Tax Expense Recorded in the Current Quarter When the Trump Tax Bill Was Signed is Substantially Lower Than the Actual Toll Tax ........................................................................................ For Instance, Apple's Toll Tax Expense in the Dec 2017 Quarter Was $800 Mil, But Its Actual Toll Tax Was $38 Bil (Apple Already Had a Related Deferred Income Tax Liability on Its Books at Sept 30, 2017 of $36.4 Bil)