Opportunity for Bringing Overseas Profits Home

Stoffregen, Philip A.; Malocha, Shannon T.
April 2005
Financial Executive;Apr2005, Vol. 21 Issue 3, p50
Academic Journal
The article reports on a one-year tax incentive that is encouraging U.S. companies to bring back hundreds of billions of dollars from their overseas subsidiaries. The tax incentive is a part of the American Jobs Creation Act of 2004. Section 965 of the Act allows a U.S. company to elect for one taxable year to repatriate earnings from foreign subsidiaries at a reduced tax rate, if it applies to a company's first tax year beginning on or after October 22, 2004, or the preceding tax year. A discussion is presented about the details of the Act.


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