Corporate leaders have responded to the 2017 US Tax Cuts and Jobs Act with a wave of capital repatriation from overseas, bringing back in just the first three months of 2018 almost one-third of the $1 trillion in foreign-earned assets stashed abroad. Economists Michael Smolyansky, Gustavo Suarez and Alexandra Tabova examine the repatriation boom and how businesses are currently deploying this capital in an insightful report for company executives and tax policy experts.
In this summary, you will learn
- How 2017 US tax reform has affected corporate capital repatriation,
- How executives have decided to deploy these funds and
- What other opportunities company leaders might pursue as repatriation continues.
About the Authors
Michael Smolyansky, Gustavo Suarez and Alexandra Tabova are economists with the Board of Governors of the Federal Reserve.