Mark Whitehouse, Columnist

Guess What? Companies Are Bringing Their Cash Home

Tax reform seems to be working in at least one way.

June 8, 2018 at 5:28 PM UTC

Mark Whitehouse is a member of the editorial board covering global economics and finance. Previously, he reported on economics for the Wall Street Journal and was managing editor of Vedomosti, a Russian-language business daily.

We’re in the money.
Photographer: Sean Gallup/Getty Images

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For all the flaws of the tax reform that Congress passed back in December, there's one area where it appears to be working: Getting U.S. companies to bring back the enormous piles of money they have stashed abroad.

Now the question is what they will do with it.