With the Trump administration in the process of crafting a tax reform policy – and repatriation of overseas corporate assets a key issue – a BMO Capital Markets piece considers a similar repatriation scheme used in 2004. The current tax repatriation plan might have similar impacts across various market segments and mostly could primarily benefit shareholders, not growing jobs or enhancing research and development. History could repeat itself with tax repatriation There are currently two prospective tax holiday concepts being floated in Washington D.C. The Trump proposal uses a one-time repatriation tax of 10% on offshore earnings held abroad, with the…
BMO: Corporate Tax Repatriation Will Go To Shareholders Not Jobs
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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