Trump’s Offshore Cash Plan Will Benefit Investors Not Jobseekers
- A 2004 ‘tax holiday’ saw an uptick in dividends, buybacks
- New factories lean more heavily on automation than personnel
Surprise! Trump May Be Great for Business
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Donald Trump wants American companies to bring trillions of dollars in offshore cash back home, arguing that the money could be used to fund a manufacturing renaissance.
The president-elect has suggested that cutting taxes on companies’ accumulated offshore earnings from the current 35 percent to 10 percent would persuade them to repatriate that income; as the money returned, so would jobs.
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Trump’s Offshore Cash Plan Will Benefit Investors Not Jobseekers