Bringing that cash home would require that Apple pay a 35 percent repatriation tax.
FORBES: As Anniversary of Dividend, Buyback Nears, Investors Want Apple To Show Them the Money
He's also considering a low "deemed repatriation tax" that would require American companies to pay a tax of about 5% on profits stored overseas.
WSJ: The Weekend Interview with Dave Camp: Is Tax Reform Politically Possible?
In fact, yet another tax holiday would likely discourage future investment in the U.S. Multinationals would, perfectly reasonably, come to expect a repatriation tax break every couple of years.
The former president of the SEIU, Andrew Stern, has called for the repatriation of over a trillion dollars of capital by a (temporary) repatriation tax rate of 5.25% (from 35%).
You see, the repatriation tax is nothing new.
FORBES: Multinational Corporate Tax Holiday Gets New Interest
The repatriation tax policy would contribute to a lower overall corporate rate at a time when the high U.S. rate harms economic growth, the amount and quality of U.S. investment, and the wages of U.S. workers.
FORBES: Bringing Overseas Corporate Profits Back To US Not Necessarily A Job Booster
And as a low tax repatriation seems to deliver those offshore profits into the hands of the shareholders the Levin report is an argument in favour of a second repatriation rather than what the Distinguished Senators seem to think it is, an argument against one.
FORBES: Senator Carl Levin's Report: Has It Been Hacked Or Something?
The 100-plus page agreement now being drafted reportedly covers such areas as profits repatriation and rules covering tax, labor, accounting, insurance, arbitration and other areas for Soviet-American ventures.
CENTERFORSECURITYPOLICY: US-Soviet Joint Ventures: The Camel's Nose Under The Tent
That should include territoriality, and tax amnesty for repatriation of the trillions of legally offshore corporate funds.
FORBES: For The Republicans There's An Opportunity At The Fiscal Cliff
The good news is that support is growing on both sides of the aisle in Congress for a tax holiday on the repatriation of foreign corporate profits.
FORBES: Holiday Season Is Just Around The Corner -- Corporate Tax Holiday Season That Is
Congress figured out a good way to coax back some of that cash in 2004 when it created a one-year tax holiday on the repatriation of offshore cash.
We strongly believe that the U.S should adopt a territorial tax system which exempts foreign subsidiary earnings from incremental U.S. tax, thereby encouraging repatriation of foreign earnings to the U.S. without a double taxation penalty.
FORBES: Kraft's CEO Clears The Air About Cadbury And Buffett
Formation of the group marks a stronger alliance of Internet companies as they try to influence regulations pertaining to revenue repatriation, cyber security, and sales tax.
FORBES: The Internet Association Shows What's Wrong With The American Economy
Corporate tax reform, of which the repatriation of offshore profits will eventually be changed, was not part of the list.
FORBES: Bringing Overseas Corporate Profits Back To US Not Necessarily A Job Booster
He said that the hike was a result of a change in the tax law in Taiwan affecting the repatriation of earnings.
Given the political cycle and strong differences on both sides of the aisle in Washington, we do not anticipate any material tax law changes over the near term that would prompt material overseas cash repatriation, whether in the form of a 2004-style Homeland Investment Act of more fundamental long-term tax reform.
FORBES: U.S. Companies Stashing More Cash Abroad As Stockpiles Hit Record $1.45T
Opponents of cash repatriation say that the last time Congress declared a tax holiday, companies held on to the cash, and created few additional U.S. jobs.
FORBES: Election Fallout: Will Tech Cash Piles Remain Trapped Overseas?
Dubai's attractions are many: In addition to glitzy shopping malls, it boasts so-called "free zones, " which allow for 100% foreign ownership, 100% repatriation of capital and profits, exemption from corporate tax and no import duties.
Tax amnesties in Italy, Germany and Belgium led to the repatriation of lots of cash.
Corporate tax rates should be lower, tax rates on profits earned outside the U.S. should promote repatriation of much of that money, capital gains taxes should remain low or lowered even more, subsidies and loopholes that no longer make sense or are unfair need to be eliminated, and the list goes on.
应用推荐