Alphabet could make $47 billion if Trump tax plan is passed
Google's parent company Alphabet could reportedly make $47 billion in cash if US President Donald Trump's tax plan is passed. Currently, US companies are taxed at 35% on any offshore profits but under the proposed blueprint, it could be reduced to as little as 10%. About $52.2 billion out of Alphabet's $86.3 billion cash was held overseas by 2016 end.