« FFFT3 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Firms Have Repatriated Just 3% of Cash Trump Said They Would  

By: clo in FFFT3 | Recommend this post (1)
Mon, 17 Sep 18 5:49 PM | 72 view(s)
Boardmark this board | Food For Further Thought 3
Msg. 45717 of 65535
Jump:
Jump to board:
Jump to msg. #

BAD RETURNS

Firms Have Repatriated Just 3% of Cash Trump Said They Would

The amount of cash that has flowed back to the U.S. after Donald Trump’s massive tax law overhaul is just 3.5 percent of what the president predicted. The revamp ended the practice of taxing U.S. companies when they brought home foreign profits, with Trump predicting: “Over $4 [trillion], but close to $5 trillion, will be brought back into our country. This is money that would never, ever be seen again by the workers and the people of our country.” However, an analysis by The Wall Street Journal shows just $143 billion has been repatriated—3.58 percent of Trump’s $4 trillion prediction. Companies have announced plans to repatriate an additional $37 billion. Two-thirds of the money already brought back to the U.S. came from just two companies: networking-equipment giant Cisco Systems and drugmaker Gilead Sciences.

Read it at The Wall Street Journal





Avatar

DO SOMETHING!




» You can also:
« FFFT3 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next