The Wall Street Journal | By: Ira Iosebashvili | GPE – December 28, 2017:
Corporations could repatriate as much as $400 billion in earnings and cash from abroad.
Originally published on december 25, 2017: A provision of the tax overhaul is expected to release a tide of U.S. corporate cash from abroad, a development likely to jolt the dollar and reverberate throughout financial markets early next year.
Companies could bring back as much as $400 billion, according to one estimate, as they take advantage of a one-time cut for repatriation of earnings and cash held overseas written into the GOP tax overhaul. That typically requires them to sell foreign holdings and buy assets denominated in dollars, which could boost the U.S. currency.
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