U.S. Corporations Don’t Need Tax Breaks on Foreign Profits
Harvard Business Review
DECEMBER 21, 2015
In 2003, the Bush Administration pushed through the Homeland Investment Act , which provided a one-year-only tax break on repatriated profits, with the stipulation that these profits had to be used in the U.S. From 2005 to 2014, 458 S&P 500 companies expended $3.7 We’ve seen this movie before. to $0.92, mainly as repurchases.
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