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Another Huge Company Will Repatriate $67 Billion Under New Tax Law

Published by American Lookout

By Mike LaChance

The benefits of the tax reform bill keep rolling in. Another major company has announced its intention to bring a boat load of cash back to the United States. Cisco Systems is getting back into the America business. This is fantastic news.

The New York Times reports:

Cisco to Repatriate $67 Billion Under New Tax Law

Cisco Systems has unveiled a plan to bring $67 billion that it holds overseas back to the United States this year by taking advantage of the recent rewrite of the tax code.

The repatriation is planned for the company’s third fiscal quarter, Cisco said on Wednesday while reporting its second-quarter earnings.

Other companies have presented similar plans to repatriate foreign cash holdings. […]

See the full story here.


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