Who's Most Likely to Benefit from Companies "Repatriating" Their Foreign Cash?
Top of Mind with Julie Rose
Corporate Tax Cuts, Secret Service Dogs, Car Ownership
Episode: Corporate Tax Cuts, Secret Service Dogs, Car Ownership
- Nov 2, 2017 11:00 pm
- 4:33 mins
Guest: Dhammika Dharmapala, PhD, Professor of Law, University of Chicago Law School Let’s take a closer look at the part of the Republican tax plan called “repatriation.” The idea is to encourage American companies doing business around the world to bring more of their international profits home to the US economy and invest it in their business here, create jobs here, pay more money to their workers here. Part of that $4,000-per-household-raise estimate from the White House Council of Economic Advisors would come from the repatriation of trillions of US dollars back from the foreign outposts of companies like Apple, Citigroup and Nike.