GREAT AGAIN! Trump Set to Bring Home $2.6 Trillion in Offshore Profits
by Fred Lucas – Lifezette At least $2.6 trillion in American corporate profits are parked outside the country, and President-Elect Donald Trump’s major tax reform plan could bring it back into the United States — which could provide a big boost to the economy and federal revenue. Trump’s plan is part of his larger business tax plan to lower the corporate tax rate from a top rate of 35 percent down to 15 percent. A key element is also providing a one-time tax rate of 10 percent on offshore corporate profits brought back to the United States, or repatriated money. After the one-time tax, … Continue reading GREAT AGAIN! Trump Set to Bring Home $2.6 Trillion in Offshore Profits
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