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U.S. Companies Repatriated $169.5 Billion in Second Quarter

President Trump predicts that $4 trillion will return to the U.S. Few external observers expect repatriations to come anywhere close to that number.

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U.S. corporations are required to pay a one-time tax on their offshore profits, but don’t expect those stockpiled funds to come onshore quickly—or ever.

Companies repatriated $169.5 billion in the second quarter, according to data released Wednesday by the Commerce Department, up from $34.9 billion a year earlier. Still, that followed a downwardly revised $294.9 billion returned in the first quarter.

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