Trump promised a rush of repatriated cash, but the company’s responses are modest

U.S. companies have been cautious in repatriating overseas profits in response to last year’s tax law revision after the Trump administration claimed trillions of dollars would come home quickly and boost the domestic economy.

the revision of tax law ended the practice of taxing US corporations when they bring home foreign profits. Corporations have long complained that overseas profits were trapped and held in overseas subsidiaries to avoid additional taxes.

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