Since the Senate approved Trump’s tax bill 51-48 in a midnight showdown, we have already seen major economic wins in this country:

TRUMP EFFECT: AT&T Announces it Will Pay 200,000 US Employees ‘Special $1,000 Bonus’ Due to GOP Tax Reform Bill

TRUMP EFFECT: Boeing Announces $300 Million Investment Initiative Thanks To GOP Tax Reform

TRUMP EFFECT: Fifth Third Bancorp Raises Minimum Hourly Wage, Issues Bonuses To Employees Due To GOP Tax Reform

TRENDING: OUTRAGEOUS! Ohio State University President Sends Ignorant Text Message to Students Following Breonna Taylor Decision -- And a Crazy-Ass Video!

TRUMPMAS: Comcast Announces $50 BILLION INVESTMENT Due To Historic GOP Tax Reform

Well, here’s another one.

For all the scowling that Apple’s Tim Cook did during those Tech council meetings, he might not be able to feign outrage over the Republican president any longer. It has now become affordable for Apple to fulfill a longtime goal and repatriate $252B in cash that currently sits overseas. Via 9to5Mac:

Apple would be able to take advantage of a one-time tax break, paying just 15.5% tax on the cash, rather than the 35% it would have had to pay previously.

If Apple chose to bring all of the cash back to the US, it would pay $39.1B in tax. And this would be practical because the company has already set aside $36.3B – almost the entire amount – for exactly that eventuality. But there’s one catch …

Reuters notes that Apple could be caught out by one provision in the bill. The bill introduces a minimum tax of around 13% on income from patents held overseas, and this could put an end to one method Apple has used to reduce its tax bill.

The treatment of foreign patent profits is important to Apple because shifting those profits overseas was a cornerstone of its tax practices for decades.

In effect, the company attributes a large portion of the value of its products to patents and other intellectual property such as trademarks. Apple then assigns some of that IP, proportional to overseas sales, to subsidiaries in countries with low tax rates and assesses substantial patent royalties on sales. Those royalties then flow back to those low-tax locations, like Ireland.

This means that it no longer matters where the patents are held – Apple still has to pay US tax on the revenue assigned to them.

To further discourage companies from assigning patents to overseas subsidiaries, the tax bill also reduces the tax on patent income within the USA. This falls to 13.1%, meaning that Apple Inc might as well hold onto ownership of future patents, as there’s little to no benefit in shipping them off to tax havens.