Business

Repatriation Update

Repatriation Update

The Tax Cuts and Jobs Act was signed into law in December 2017. Among the many changes that it brought to the US tax system was a one-time repatriation tax. The tax reform required US companies to pay a one-off tax of 8% to 15.5% on overseas earnings. But how much has been repatriated, and how much have large companies paid in tax?