U.S. companies repatriated $169.5B in Q2

UNITED STATES companies repatriated $169.5 billion in the second quarter, a sharp increase from $34.9 billion a year earlier. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
UNITED STATES companies repatriated $169.5 billion in the second quarter, a sharp increase from $34.9 billion a year earlier. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER
NEW YORK - United States corporations are required to pay a one-time tax on their offshore profits, but don’t expect those stockpiled funds to come onshore quickly - or ever. Companies repatriated $169.5 billion in the second quarter, according to data released Wednesday by the Commerce Department, an increase from $34.9 billion one year prior. Still,…
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