Officials hope American corporates will bring profits home
Fri, Dec 22, 2017 - 5:50 AM
President Trump speaking about the newly passed tax reform legislation during an event on Wednesday at the White House. To help encourage earnings repatriation, the tax package includes a one-time, across-the-board tax break for companies that bring the cash back.
THE sweeping tax cuts adopted on Wednesday by US lawmakers, while reducing rates on corporations, also aim to encourage multinational businesses to repatriate huge earnings amassed abroad.