President’s offshore cash promise falters as $665B returns

CORPORATE AMERICA brought $664.9 billion of offshore profits back to the United States in 2018, short of the $4 trillion President Donald Trump said would return as a result of the 2017 tax overhaul. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO
CORPORATE AMERICA brought $664.9 billion of offshore profits back to the United States in 2018, short of the $4 trillion President Donald Trump said would return as a result of the 2017 tax overhaul. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO
NEW YORK - Corporate America brought $664.9 billion of offshore profits back to the United States last year, falling short of the $4 trillion President Donald Trump said would return as a result of the 2017 tax overhaul. Companies repatriated $85.9 billion in the fourth quarter of 2018, the lowest sum for the year and…

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