There is a 10% tax rate provision for repatriating funds from overseas.
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That will be gone. Just watch.
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This is lower than they would pay, otherwise (30%). This 10% will help bring back monies/companies to US. It’s what Forbes, et al, have been suggesting for years....to get companies/jobs back.
I may be missing something in your post, LS.
I thought you meant there was a 10% surcharge.
LS may think Congress will balk. I’m not convinced of that.
Trump wants it to being capital back to the U. S. This has been a problem.
He thinks it would bring back upwards of $2 trillion dollars.