Tax Plan's Repatriation Rate Is Higher Than Expected
Top rate U.S. companies would pay on overseas cash hoards creeps up to 15.5%.
By Lynnley Browning, Bloomberg|December 18, 2017 at 04:47 AM|Originally published on Treasuryandrisk.Com
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The top tax rate that U.S. companies would pay on an estimated $3.1 trillion in earnings they’ve stockpiled overseas crept up to 15.5 percent in the final version of the GOP tax bill released Friday.
Meanwhile, president of National Foreign Trade Council warns: “This can’t be a mechanism to start raising tariffs on everything. There’d be no end to it.”
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