No, Donald, There Ain't $5 Trillion Of Corporate Cash Abroad And Only A Dribble's Come Back So Far

U.S. companies have moved cautiously in repatriating profits stockpiled overseas in response to last year’s tax-law rewrite, after the Trump administration’s assertions that trillions of dollars would come home quickly and supercharge the domestic economy.....The Wall Street Journal reviewed securities filings from 108 publicly traded companies accounting for the vast majority of an estimated $2.7 trillion in profits parked abroad, and asked each company what it was doing with the funds. In their filings and responses, they said they have repatriated about $143 billion so far this year......About two-thirds of the money came from two corporations—networking-equipment giant Cisco Systems Inc. and drugmaker Gilead Sciences Inc.

 

 

https://www.wsj.com/articles/companies-arent-all-rushing-to-repatriate-cash-1537106555

 

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