AT&T reports $20 billion tax cuts profit windfall, record low subscriber churn

The $1.5 trillion tax cuts that the government passed last month is beginning to look great for companies like AT&T or Verizon, which had a bunch of deferred taxes on their books. After Verizon announced it can now tack $17 billion in extra profit to its quarterly results, thanks to the new tax law, AT&T came out swinging, and booked $20 billion in Q4.

That’s right, the carrier will be having a windfall, but mostly on paper, as due to the capital-intensive nature of the carrier business, those taxes could have been put off indefinitely anyway. Still, the move to bring …


Apple's tax heaven cash repatriation will be a windfall for Uncle Sam

How much does the Treasury stand to gain if Apple takes advantage of the one-off 15% tax rate for repatriating overseas cash that was introduced in the bill that Congress and Senate just passed? How about $39 billion?
Yep, that’s the amount that the government will get richer with if Apple brings home most of its $252 cash hoard stuffed in tax heavens. In fact, Apple seems to have already set aside $36 billion for exactly that purpose, so it could intend to repatriate its holdings once and for all, and stop being scrutinized for using an offshore paradise or two …