HIA to support the dollar
NEWS
The original bill – passed in October – allows US companies with foreign branches to repatriate earnings held overseas at a tax rate of 5.25%, instead of the previous 35%, for one-year.
In the first half of the year, ABN Amro estimates that around $40 billion of ‘homeland’ flows have already occurred, with "much more" to come in the remainder of the year. It believes that with more company announcements likely to be made by year-end, a total of $300 billion could be repatriated this year.
In mid
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