How much cash does Apple have?

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Apple’s cash holdings, now up $7.4 billion from a quarter ago, could become more potent than ever very soon.

A new tax reform plan from House Republicans aims to permanently lower the corporate tax rate to 20 percent and calls for a one-time tax rate of 12 percent on cash returns and 5 percent on noncash for corporate money repatriated from overseas.

CFRA analyst Scott Kessler estimates that Apple is one of the companies in the technology sector that could benefit most from one specific tax reform: A lower tax rate on repatriated foreign profits.

“You want people to use this money in the United States to invest more,” Apple CEO Tim Cook told CNBC’s Jim Cramer in May.

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