The U.S. Republican tax overhaul passed by Congress this week will allow Apple Inc to bring back its $252.3 billion foreign cash pile without a major tax hit - a long-standing company goal.

Other provisions of the bill, namely the cut in the corporate tax rate from 35 percent to 21 percent, are also a big boon for Apple. But not everything went the company’s way.

Visit full article from Reuters: Apple wins big with U.S. tax bill but faces snag on foreign patents

Congress “screwed it up,” said Ed Kleinbard, a tax professor at the University of California and former chief of staff of the U.S. Congress’s Joint Committee on Taxation. “It’s kind of weird that they created the patent box, but didn’t give a pass to bring things back.”

Apple Chief Executive Tim Cook has said the company intends to bring some overseas cash home, but the company declined to comment on precisely how much or how it would use the funds.

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