Corporations brought US$100.2 billion of overseas profits backto the United States in the first quarter, marking $876.8 billionthat has returned since Congress overhauled the international taxsystem and prodded companies to repatriate more.
The cash that has come back to the U.S. falls short of the $4trillion President Donald Trump said would return as aresult of the 2017 tax law. Investment banks and think tanks haveestimated that U.S. corporations actually held $1.5 trillion to$2.5 trillion in offshore funds at the time the law wasenacted.
While the pace at which companies are bringing back profits hasslowed, the figure for the fourth quarter of last year was revisedup, from $85.9 billion to $146.6 billion.
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