Trump's Tax 'Holiday' will be an epic disaster
May 2, 2017
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11:35Now PlayingTrump's Tax 'Holiday' will be an epic disaster
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"A Senate study in 2011 found that corporations brought $312 billion they had stashed overseas back to the United States, avoiding $3.3 billion in taxes as a result of the repatriation rate. But the top 15 companies that took advantage of the holiday actually reduced their total U.S. employment by 20,931 jobs.
Meanwhile, the report surveyed studies of all 840 corporations that took advantage of repatriation and concluded that there was “no evidence that repatriated funds increased overall U.S. employment.”
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