A "repatriation holiday" refers to a temporary tax break or incentive offered by a government to encourage companies to bring back their profits or funds that have been held overseas and invest them in their home country. Full definition
Coming off a year that saw a record number of new drug approvals, significant scientific breakthroughs and a year - end tax reform package that both significantly lowers corporate taxes and provides the long - awaited tax repatriation holiday, it's not surprising that biotech investors, executives and advisers were in a good mood as they gathered in San Francisco this year for the J.P. Morgan Healthcare Conference. (lifescienceslegalinsights.com)
Critics, however, say these so - called repatriation holidays, which bring back funds at lower tax rates, do virtually nothing to stimulate the economy and benefit only corporations, their executives and shareholders. (nytimes.com)
We used a placeholder of $ 100 billion, which is close to either the Tax Policy Center's estimate of switching to a territorial system as part of the House GOP tax plan or the Joint Committee on Taxation's estimate of a voluntary repatriation holiday (though a permanently lower rate would be more expensive). (crfb.org)