Study of Earlier Tax Holiday Suggests That New Tax Break on Repatriated Foreign Earnings Will Spur Increased R&D
March 16, 2018
March 16, 2018
SARASOTA, Florida, March 16 -- The American Accounting Association issued the following news release:
After years of national hand-wringing about trillions of dollars in profits held abroad by U.S. multinational corporations, the Tax Cuts and Jobs Act enacted in December has mandated repatriation of those earnings at a greatly reduced tax rate. At the same time, an upsurge in corporate stock buybacks has raised concerns that the benefits of this massive tax break will go mostly to t . . .
After years of national hand-wringing about trillions of dollars in profits held abroad by U.S. multinational corporations, the Tax Cuts and Jobs Act enacted in December has mandated repatriation of those earnings at a greatly reduced tax rate. At the same time, an upsurge in corporate stock buybacks has raised concerns that the benefits of this massive tax break will go mostly to t . . .