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November 16, 2016
U.S. multinationals optimistic for another repatriation holiday. President-elect Trump’s election win moves large U.S. corporations closer than they’ve been in years to a big tax break on approximately $2.6 trillion in foreign profits. A “repatriation holiday” happened in 2004 as an economic stimulus measure and similar plans have been proposed by Trump and other Republicans. The 2004 holiday allowed U.S. companies to bring back or repatriate earnings from their foreign subsidiaries to the U.S. at a reduced tax rate if several requirements were satisfied.
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