The amount of cash that's flowed back to the U.S. after Trump's massive tax law overhaul is just 3.5% of what he predicted https://t.co/PjE8ay3kPE
— The Daily Beast (@thedailybeast) September 17, 2018
As long as the US tax rate is higher than the tax rate in foreign jurisdictions where multinationals hold their un-repatriated profits, there is still a tax advantage in delaying repatriation. Cf. https://t.co/ANIPhugYi4. TCJA didn’t change that fact https://t.co/JQig0BXx2x
— Daniel Hemel (@DanielJHemel) September 16, 2018
Sad! 