Apple facing earnings headwind from proposed tax rate changes, analyst says

Investment bank JP Morgan believes that several proposed tax rate changes could 'almost completely' reverse the benefits of prior tax reductions for Apple.Credit: WikiMedia CommonsIn a note to investors seen by AppleInsider, lead analyst Samik Chatterjee analyzes how proposed increases in the statutory federal tax rate and the global intangible low-taxed income (GILTI) under the Biden Administration could prove to be earnings headwinds for Apple. Read more...