Another policy Republicans are fighting for is allowing corporations with foreign subsidiaries to repatriatecapital back to the U.S. at a one-time tax rate of 5.25% (on income already taxed once in the country of origin) instead of having to pay a charge as high as 35% today.
To prove its determination to get Saadiyat off the ground, it has declared that companies opening offices there will never pay any tax, can repatriate all their profits and capital, can import labour freely and need not take any local partners.