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Corporate cash brought home since the tax cuts

Posted on 9/11/18 at 6:53 pm
Posted by Taxing Authority
Houston
Member since Feb 2010
56988 posts
Posted on 9/11/18 at 6:53 pm
https://www.cnbc.com/2018/09/10/chart-shows-surge-in-corporate-cash-brought-home-since-tax-cuts.html

quote:

* Companies during the first quarter brought home $300 billion of the $1 trillion in cash they had been holding overseas.

* The Tax Cuts and Jobs Act encouraged the repatriation of profits, which had been subject to additional U.S. levies after it was brought home.

* The act put a one-time tax on the money, eliminating the incentive to keep it abroad.





As always capital flows TOWARD freedom like water flows down hill.
Posted by Taxing Authority
Houston
Member since Feb 2010
56988 posts
Posted on 9/11/18 at 6:54 pm to
Wonder if Obama will try to take credit for this too.
Posted by roadGator
Member since Feb 2009
139574 posts
Posted on 9/11/18 at 6:58 pm to
You are going to give eyeore a heart attack
Posted by WeeWee
Member since Aug 2012
40037 posts
Posted on 9/11/18 at 6:58 pm to
quote:

Companies during the first quarter brought home $300 billion of the $1 trillion in cash they had been holding overseas.



Breaking News from CNN: Trump overstates money brought back by corporate tax cuts.
Posted by 56lsu
jackson mich
Member since Dec 2005
7441 posts
Posted on 9/11/18 at 7:10 pm to
eyeore, English much.
Posted by jrodLSUke
Premium
Member since Jan 2011
22024 posts
Posted on 9/11/18 at 7:10 pm to
Investor confidence in the US markets soared right after the election and the results were immediately positive.

Thanks, Obama!
Posted by dr smartass phd
RIP 8/19
Member since Sep 2004
20387 posts
Posted on 9/11/18 at 7:14 pm to
Getting those inversions back in the country was a Trump priority
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98251 posts
Posted on 9/11/18 at 7:20 pm to
frick Trump

Posted by Wtxtiger
Gonzales la
Member since Feb 2011
7257 posts
Posted on 9/11/18 at 7:25 pm to
Dickhead
Posted by udtiger
Over your left shoulder
Member since Nov 2006
98251 posts
Posted on 9/11/18 at 7:31 pm to
Sarcasm is lost on you
Posted by deltaland
Member since Mar 2011
90360 posts
Posted on 9/11/18 at 7:45 pm to
And all of this eventually leads to investment and growth.
Posted by deltaland
Member since Mar 2011
90360 posts
Posted on 9/11/18 at 7:46 pm to
Melt cuck
Posted by Jorts R Us
Member since Aug 2013
14786 posts
Posted on 9/11/18 at 7:50 pm to
Every one knew this would happen with deemed repatriation. Not a surprise.
This post was edited on 9/11/18 at 7:51 pm
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 9/11/18 at 7:51 pm to
It was a very good move and that accelerated depreciation was too.
This post was edited on 9/11/18 at 7:52 pm
Posted by Vacherie Saint
Member since Aug 2015
39334 posts
Posted on 9/11/18 at 8:35 pm to
Trump Bump
Posted by Taxing Authority
Houston
Member since Feb 2010
56988 posts
Posted on 9/11/18 at 11:51 pm to
quote:

Every one knew this would happen
Which makes one wonder why democrats fought against it... they actually want to raise taxes on foreign earnings.
Posted by trinidadtiger
Member since Jun 2017
13241 posts
Posted on 9/12/18 at 3:37 am to
quote:

It was a very good move and that accelerated depreciation was too.


Very good point IB. Those two combined were tailor made for building factories vs internationally.

The one argument is that many used that cash to buy back stock and increase the price. Well who owns that company? We do with our IRAs, pension funds, insurance companies.
Posted by Jorts R Us
Member since Aug 2013
14786 posts
Posted on 9/12/18 at 5:28 am to
quote:

Which makes one wonder why democrats fought against it... they actually want to raise taxes on foreign earnings.


They fought against it because they didn’t like the rates associated with deemed repatriation and they didn’t like the move to a participation exemption regime after the 2017 tax year. Some of the campaign proposals of former Democrat politicians called for an end to effective permanent tax deferral of foreign earnings, which would have also brought cash home...just not as much of it.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67475 posts
Posted on 9/12/18 at 6:22 am to
quote:

Wonder if Obama will try to take credit for this too.



You know he will....let's see

Obama: "If it wasn't for me, there wouldn't have been $1T overseas."
Posted by I B Freeman
Member since Oct 2009
27843 posts
Posted on 9/12/18 at 7:01 am to
You are correct.

Let me suggest that it is much better for the economy for companies to buy back stock if they cannot deploy it than to sit on the cash.
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