So TRUE!
Unfortunately the Lobbyists will FIGHT this to the death because it's takes away much of their leverage and position at the feeding trough of tax payer dollars.
Well, as we now know, the rate proposed is 12% on cash repatriation. I can say for a fact, my company will not bring any money back at rate that high.
And we’d only be talking about $5 or $10M. Why pay $1M plus just for the privilege of bringing home money that’s already been taxed? We won’t do it.
It’s got to be in the single percentages I think.