OrbitaxOrbitax

U.S. Senators Call for Profit Repatriation Holiday

|Proposed Changes|United States
United States

On 10 June 2014, U.S. Senators Harry Reid and Rand Paul called for a profit repatriation holiday to provide funding for improvements to the U.S.'s transportation infrastructure. According to a Reid aide, the package would include a 9.5% reduced rate holiday. A compromise for Senator Paul, who wants to see a permanent 5% rate on repatriated profits. The holiday is based on Internal Revenue Code …

Continue Reading