By news@appleinsider.com (Mike Peterson) Investment bank JP Morgan believes that several proposed tax rate changes could “almost completely” reverse the benefits of prior tax reductions for Apple.Credit: WikiMedia CommonsIn a note to investors seen by AppleInsider, lead analyst Samik Chatterjee analyzes how proposed increases in the statutory federal tax rate and the global intangible low-taxed income (GILTI) under the Biden Administration could prove to be earnings headwinds for Apple….

Source:: Apple Insider