Sentences with phrase «overseas profits»

It has been a big win for companies, offering lower corporate rates and a permanent break on overseas profits.

Both of those rates are far, far below the statutory rate, meaning companies with overseas profits are effectively being rewarded for keeping them abroad.

He also cited the repatriation of overseas profits as a tail wind for companies.

They include a cut in the corporate rate, increased deductions for capital spending and lower levies on repatriating overseas profits.

The company posted a net loss when factoring in a tax hit, largely because of a one - time charge for bringing overseas profits back to the U.S.

Apple chief executive Tim Cook offered no apologies Tuesday for the way his company keeps tens of billions of dollars in overseas profits virtually free of U.S. taxes, amid sharp questions from lawmakers about the practice.

At least in the short term, the bank was expected to be the most affected by the new law, which lowered the corporate tax rate and introduced measures designed to encourage companies to bring overseas profits back to the US.

Will Congress» latest effort to bring overseas profits home spur broader benefits than the recent upsurge in buybacks has suggested?

The new US tax code requires companies to pay tax of 15.5 % on accumulated overseas profits held in cash and other liquid assets, regardless of whether or not the company repatriates the money.

President Barack Obama recently proposed charging companies a 14 % tax on those accumulated earnings, and charging them 19 % of future overseas profits, in an effort to help pay for infrastructure improvements to the nation's roads, bridges, and airports.

Chambers, for example, pushed a proposal for a repatriation tax holiday that would allow major corporations to avoid tax payments on overseas profits if they brought them back to the United States for investment during a certain period.

At issue are the estimated $ 2 trillion in overseas profits generated by U.S. companies that are not repatriated, or returned to American shores.

Or, alternatively, as one much - cited academic study concluded, the 2004 legislation succeeded in «putting overseas profits back in the U.S. economy — just not in the manner Congress intended.»

They would impose a one - time transition tax on currently accrued overseas profits of US multinationals, to be collected over several years.

Under U.S. law corporations don't pay income tax on overseas profits until the profits are brought into the United States.

The greenback has traded mostly lower this year after sharp gains in 2014 and 2015 that cut into overseas profits.

General Motors Co. and Ford Motor Co., the industry's biggest companies, will benefit from the rate cut and the reduction on levies for repatriating overseas profits, according to UBS.

Companies will be required to pay a maximum of 15.5 % tax on these accumulated overseas profits.

And it bans US taxes on future overseas profits.

The Wall Street Journal reported Sunday that negotiations with Carrier have also included discussion of tax overhaul that could potentially result in companies» reduced taxation of overseas profits.

The CEO of Apple, the world's biggest and richest company, says the notion that his company is avoiding taxes on overseas profits is just «political crap» coming from politicians who refuse to change an antiquated tax code.

The Joint Committee on Taxation has estimated that the repatriation raises $ 338.8 billion over 10 years by taxing all those trillions in overseas profits, with the proceeds heavily concentrated in the first year, 2018.

Apple (aapl) saves billions of dollars in taxes through subsidiaries in Ireland, where it declares much of its overseas profit.

Planned capital expenditures in the US, investments in American manufacturing over five years and a record tax payment upon repatriation of overseas profits will account for approximately $ 75 billion of Apple's direct contribution.

Cisco is the latest big U.S. firm to announce that it will bring its overseas profits home, in order to take advantage of the one - off lower tax rate for repatriated earnings that was included in last year's tax reform.

SAN JOSE, Calif. — Apple's tax break on its overseas profits is turning into a $ 102 billion boon for shareholders.

Blue Harbour Group CEO Cliff Robbins says value investing will benefit from tax reform and the repatriation of overseas profits.

The prospect of higher U.S. rates and lower corporate taxes is likely to arrest or even reverse the dollar's decline, curbing the recent pace of overseas profits.

SAN JOSE, Calif. (AP)-- Apple's tax break on its overseas profits is turning into a $ 102 billion boon for shareholders.

Deemed repatriation will be a focus of the front end and has the potential for some spread widening in 2018, depending on the timing and magnitude of tax payments from repatriated overseas profits.

Apple is also reaping billions of dollars in savings on its overseas profits.

Businesses, such as UBM, WPP and drugs firm Shire, moved to Dublin in 2008 in protest at UK tax rules on overseas profits

If they choose the United States, they are in effect choosing to pay relatively high American corporate rates — up to 39 % — on all the overseas profits they repatriate; unusually, the IRS taxes income on a global basis.

Apple's tax break on its overseas profits is turning into a $ 102 billion boon for shareholders.

In addition, U.S. companies can now focus on their underlying businesses with significantly fewer tax - driven business decisions like so - called inversions or inefficiently keeping cash abroad to avoid double taxation on overseas profits.

Many U.S. companies have taken large one - time charges this quarter to account for changes to the U.S. tax law made in December, which cut the overall corporate rate and offered a lowered rate for companies repatriating overseas profits to the United States.

Dear John: I'm not sure I understand your point concerning repatriated overseas profits being used to buy back shares.

But Schumer also acknowledged his proposal last year to pay for infrastructure work with revenues raised from lowering taxes on overseas profits to encourage companies to return some of the estimated $ 2 trillion to $ 3 trillion that they've kept out of the United States.

During his reign, BMW takes over its disparate network of independent auto importers, greatly increasing its overseas profits.

Companies will be required to pay a maximum of 15.5 % tax on these accumulated overseas profits.

I also think that the overseas profit numbers (a significant chunk of their revenues) have taken a beating because of the higher dollar, and not because of systemic weakness in the underlying business.

While this is currently being driven by declines in the energy sector and overseas profits, declining corporate profits remain an economic headwind, even when isolated.