That's fine - sounds like an incentive for companies to bring money back to the US.
The reduction in tax liability happens when the earnings are repatriated per this quote. If these companies are storing this cash overseas in a bid to avoid paying taxes on it with no intention of repatriation until a tax holiday then why should we care?
I would very much care if I were Apple and going to be taxed a second time trying to bring my money back to the USA. If that silly rule was eliminated much of all of this would be moot.
The reduction in tax liability happens when the earnings are repatriated per this quote. If these companies are storing this cash overseas in a bid to avoid paying taxes on it with no intention of repatriation until a tax holiday then why should we care?