A Stimulus That Works: Tax Repatriation
by Peter Ferrara on 02/16/2009
2 Pages
Synopsis:
If any of the estimated $1.5 trillion in retained overseas earnings of American companies are returned home, they are taxed at the federal corporate tax rate of 35%, one of the highest in the world, besides taxes paid to the host countries. Repeating the highly successful 2005 tax repatriation allowing these funds to come home subject to a 5.25% rate would bring hundreds of billions in new capital into the America economy.
If you did not arrive at this web page from within the IPI website, click on the link below to go to IPI:
Note: PDF denotes that the document is in Adobe Acrobat PDF format. This is the preferred format for printing and viewing IPI publications; however, you'll need the free Adobe Acrobat Reader program. We suggest obtaining the program and installing it as a browser plug-in at http://www.adobe.com.