Comment on Corporations Like Nike Paid $0 Federal Tax in 2020 While CEO Pay SoaredparentComments−tonfa5yI don't think there's any benefit from keeping cash abroad for us corps, that was removed with trump's tax changes.(And even before it was delayed taxation, not tax free)−valuearb5yI believe the Trump tax cuts only provided a temporary benefit for repatriation of foreign earnings.−tonfa5yThere was a one time repatriation mechanism, but it also removed the deferred taxation of foreign earnings.https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-compari...
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I don't think there's any benefit from keeping cash abroad for us corps, that was removed with trump's tax changes.
(And even before it was delayed taxation, not tax free)
I believe the Trump tax cuts only provided a temporary benefit for repatriation of foreign earnings.
There was a one time repatriation mechanism, but it also removed the deferred taxation of foreign earnings.
https://www.irs.gov/newsroom/tax-cuts-and-jobs-act-a-compari...