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This chart shows the dramatic rise in corporate cash brought home since the tax cuts
CNBC ^
| September 10, 2018
| Jeff Cox
Posted on 09/10/2018 7:01:03 PM PDT by E. Pluribus Unum
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.
Companies took major advantage of last year's tax cuts to bring home profits they had stored overseas.
In the first quarter alone, multinational enterprises brought home about $300 billion of the $1 trillion held abroad, according to a recent Federal Reserve study. A good chunk of that repatriated money went to share repurchases — for the top 15 cash holders, some $55 billion was used on buybacks, more than double the $23 billion in the fourth quarter of 2017.
(Excerpt) Read more at cnbc.com ...
TOPICS: News/Current Events
KEYWORDS: incometaxes; taxcutsandjobsact; taxreform; tcja
To: E. Pluribus Unum
2
posted on
09/10/2018 7:03:54 PM PDT
by
Liz
( Our side has 8 trillion bullets; the other side doesn't know which bathroom to use.)
To: Liz
Looks like some kind of magic wand, or something.
3
posted on
09/10/2018 7:08:28 PM PDT
by
ClearCase_guy
(The MSM is in the business of creating a fake version of reality for political reasons.)
To: E. Pluribus Unum
Over 6x the normal amount!
4
posted on
09/10/2018 7:15:15 PM PDT
by
WMarshal
(America First)
To: ClearCase_guy
Obama had a magic wand all along!
</sarcasm>
5
posted on
09/10/2018 7:17:06 PM PDT
by
E. Pluribus Unum
(Islamophobia. A word created by fascists and used by cowards to manipulate morons. -- Andrew Cummins)
To: E. Pluribus Unum
Yes, this is all due to Obama. How can we not see that?
6
posted on
09/10/2018 7:18:27 PM PDT
by
Rebelbase
(Consensus isn't science.)
To: E. Pluribus Unum
They were large overseas holders of US Treasury notes and bonds. In order to bring the money home, they had to sell. This is raising the interest rates on these securities.
To: E. Pluribus Unum
Trump stuck the ‘Magic Wand’ up O’bastard’s @$$ as a parting gift.
The big boys are in charge now, we have no more use for the Community Organ Grinder.
8
posted on
09/10/2018 7:25:25 PM PDT
by
Beagle8U
(A Muse once bit my Sister.)
To: E. Pluribus Unum
Well, Obama produced so much taxes, regulation and hate that Trump was elected.
So really this is all Obama’s doing.
9
posted on
09/10/2018 7:29:06 PM PDT
by
JPJones
(More tariffs, less income tax.)
To: ClearCase_guy
Actually, considering that the last POtuS was rather flaccid, it looks like something else entirely.
10
posted on
09/10/2018 7:41:51 PM PDT
by
logi_cal869
(-cynicus-)
To: E. Pluribus Unum; Liz; ClearCase_guy; Rebelbase; proxy_user; Beagle8U; JPJones; logi_cal869
11
posted on
09/10/2018 8:14:48 PM PDT
by
rlmorel
(Leftists: They believe in the "Invisible Hand" only when it is guided by government.)
To: E. Pluribus Unum
12
posted on
09/10/2018 8:30:39 PM PDT
by
Deplorable American1776
(Proud to be a DeplorableAmerican with a Deplorable Family...even the dog is, too. :-))
To: Beagle8U
The big boys are in charge now, we have no more use for the Community Organ Grinder. Pleae...this is a family friendly web site....at least a "no pun intended"
13
posted on
09/10/2018 9:43:31 PM PDT
by
spokeshave2
(TrumpÂ’s building an underground railroad - a way off the plantation to freedom, jobs, and dignity)
To: ClearCase_guy
14
posted on
09/10/2018 9:50:26 PM PDT
by
georgiegirl
(Count me Deplorable)
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