Data on Top 20 Corporations Using Repatriation Amnesty Calls into Question Claims of New Democrat Network

Data on Top 20 Corporations Using Repatriation Amnesty Calls into Question Claims of New Democrat Network

The twenty companies that repatriated the most offshore profits under the temporary repatriation amnesty enacted by Congress in 2004 now have almost triple the amount of profits “permanently reinvested” (i.e., parked) overseas as they did at the end of 2005. The figures call into question a recent report from the New Democrat Network (NDN) supporting a second repatriation amnesty.

Read the report

Categories:

• Tax Giveaways for Corporations,
• Tax Avoidance, Tax Evasion, and Tax Enforcement,
offshoring