This week, all eyes are on Donald Trump, and for good reason. You see, Donald Trump said that he will be releasing his tax plan at some point this week, and many are expecting it on Wednesday. For Cisco, this could prove to be a huge catalyst. Today, we’ll talk about what Trump said on the campaign trail about taxes, what this could mean for Cisco, and what binary options traders should be watching for ahead.
Donald Trump’s Biggest Campaign Promise Could Become A Reality
The truth is that President Donald Trump has made several promises throughout his campaign to become the president of the United States. While there were several promises made, there was one promise that I see as the biggest, and that’s the promise to reform taxes in the United States.
You see, one of the big gripes that Trump had with how the United States was operating had to do with US money being held overseas. Unfortunately, taxes made it overwhelmingly expensive to repatriate funds that were earned outside of the United States borders. Trump has made several public statements saying that these types of taxes are causing tremendous pain for the United States economy.
Now, things may change in a big way. You see, President Trump said that he would be releasing his tax plan on Wednesday of this week or shortly thereafter. In his statements, Trump said that we will see massive tax cuts both on the personal side and the business side. Nonetheless, I’m particularly looking to see how the new tax plan equates to making it easier for companies to repatriate funds that they have sitting outside of the United States borders.
What Does This Have To Do With Cisco?
At first glance, it may seem as though the new tax plan has little to do with Cisco in particular, and more to do with companies and personal tax returns as a whole. However, for Cisco, the truth is that the new tax plan could prove to be an overwhelmingly positive catalyst.
You see, at the moment, Cisco has a massive amount of cash on hand. In fact, that amount is $71.8 billion to be exact. However, the company unfortunately has the vast majority of this money sitting overseas. If they wanted to bring this money into the United States, they would have to be prepared for the massive tax bill that would likely be the result. However, if Donald Trump’s tax bill largely reduces or completely gets rid of the massive taxes associated with repatriating funds, well, Cisco could bring all of this money back into the United States. In doing so, we would likely see incredible excitement among investors, leading to gains.
What Binary Options Traders Should Be Watching For Ahead
Moving forward, Cisco is likely to present several profitable opportunities for binary options traders. However, if you want to turn these opportunities into a profit, you’ll need to stay on top of the news. In particular, pay close attention to Donald Trump’s tax plan and what it could mean for companies that wish to repatriate funds. Also, pay attention to what’s going on with regard to the Internet of Things as Cisco is well positioned to take a large chunk of the growth in that industry. Any news with regard to either of these stories could lead to big movement for the stock.