Repatriating Offshore Funds 2004 Tax Windfall for Select Multinationals

Format:

Book

Government document

Author/Creator:

United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs

Language:

English

Subjects (All):

Commercial statistics.

Occupations.

Tax incentives.

Physical Description:

1 online resource

Contained In:

ProQuest U.S. Congressional Research Digital Collection

Place of Publication:

[United States] [publisher not identified] 2011

Summary:

Includes tables and graphs throughout

Majority staff report reviewing consequences of repatriation provision contained in the Homeland Investment Act, which was incorporated into the American Job Creation Act of 2004, which provided a one-time reduction in the corporate tax rate on repatriated income

The repatriation provision was intended to encourage U.S. corporations to repatriate foreign income and use the funds for domestic investment that would promote U.S. jobs growth. However, the law did not provide any requirement to track repatriated funds to ensure they were spent on permitted uses

Notes:

Print

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Feb. 2013). Reuse except for individual research requires license from ProQuest, LLC

Vendor supplied data

Other Format:

Microfiche version United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Repatriating Offshore Funds:. 2012-S482-4

Publisher Number:

CMP-2011-HSG-0025

Access Restriction:

Restricted for use by site license