CNBC writes "Trump'​s '​tax holiday' could be a windfall for these stocks," which tells us, "Apple may be famous for keeping cash overseas, but many other companies stand to benefit if President Donald Trump gets his way with a tax holiday. The tech giant'​s quarterly results Tuesday are expected to show overall cash reserves of more than $​250 billion, with the vast majority stockpiled offshore.... Unlike Apple, most companies do not report overseas cash breakdowns. But regulations do require that they report money that will be reinvested overseas and thus exempted from U.​S. taxation. For many companies, that figure will include a substantial cash element.... The one-​page tax plan outline released by the Trump administration last week indicated that Trump is pushing for a "one-​time tax on trillions of dollars held overseas," as well as a "​territorial tax system to level the playing field for American companies." The piece adds, "Since the first holiday, companies have seen their off-​shore holdings swell to $​2.​6 trillion. The largest stockpiles belong to many of the same companies that took advantage of the 2004 program -- big names like Pfizer, Merck, Johnson & Johnson, IBM and PepsiCo. While it is unclear which of many forms the final tax will take, companies could stand to save billions.... Apple may have the largest overall stockpile, but plenty of other countries could also see substantial gains from a repatriation holiday. Pfizer, for example, had $​197 billion in unrepatriated income abroad last year."

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