Repatriation
One of the pieces of Trump’s tax plan will ‘offer’ repatriation to companies with offshore cash to entice them to bring home some of the moolah they’re been hoarding. The tax rate being floated is 10%. Another official said Trump would propose a repatriation tax on offshore earnings of 10 percent, compared with the current 35 percent, the report said. What would those tax-dodging..I mean qualifying companies do with all of that incoming money? They have choices. They could: -invest in their core businesses (talk about vague wording! major wiggle room) -give out dividends to stockholders (the taxes on which … Continue reading →