This year, the amount of funds in the accounts of US non-financial companies will increase by 5% and amount to $ 1.9 trillion, writes the Financial Times with reference to the report of the rating agency Moody.
As noted, the high-tech sector will account for about 50% of this amount compared to 47% in 2016. At the same time, five companies (Apple, Microsoft, Alphabet, Oracle and Cisco) will have savings totaling $ 679 billion, compared with $ 585 billion at the end of last year.
Available Apple funds by the end of the year will grow by $ 39 billion, to $ 285 billion, or 15% of all funds of US non-financial companies.
The report notes that $ 1.4 trillion of these funds, or 72%, are in the accounts of companies outside the United States.
The House of Representatives of the US Congress proposes to reduce the rate of a one-time tax on repatriation of funds from abroad from the current 25% to 14%, and the Senate project provides for a reduction in the rate to 10%.
According to Richard Lane, senior vice president of Moody's, one of the authors of the report, if the US authorities stimulate the return of companies' funds to the country in this way, their foreign savings will begin to decline, but if the proposal does not become part of the tax reform, it will continue to grow.