The Wall Street bulls swear that sweeping tax reform is the key to putting a newly-resurgent corporate America on the fast track for years to come. What better way to gauge the potential power of the Republican Party business tax plan than to examine its impact on the world’s most valuable, and closely-watched publicly-traded company, Apple (AAPL, +0.06%) ?
A close look at the what tax reform would mean for Apple yields two conclusions. First, if enacted, the GOP’s plan to lower the statutory corporate rate to from 35% to 20% would substantially lift Apple’s already gargantuan profits.
