We knew this was coming back in early 2017.
Precisely because of President Trump's election win.
themarketswork.com/2017/02/28/a-d…
Precisely because of President Trump's election win.
themarketswork.com/2017/02/28/a-d…
"A further twist exists as part of our worldwide tax code. Corporate profits are not actually taxed until they are repatriated to the U.S. This incentivizes U.S. companies to keep cash from offshore operations in the place it was generated – offshore."
"This is known as Lock-Out – because our unfavorable tax system “locks out” repatriation of foreign earnings. Estimates vary but there appears to be at least $2.5 Trillion in cash profits residing overseas."
"This is a staggering level of capital that could be going toward economic investment, production and growth domestically instead of boosting the capital availability and growth of other nations."
themarketswork.com/2017/02/28/a-d…
themarketswork.com/2017/02/28/a-d…
From Jan 2018:
"We’ve witnessed the greatest creation of value the world has ever experienced.
$8 Trillion in value and counting. It was always there – it was just waiting to be released. Government simply needed to get out of the way."
themarketswork.com/2018/01/18/tax…
"We’ve witnessed the greatest creation of value the world has ever experienced.
$8 Trillion in value and counting. It was always there – it was just waiting to be released. Government simply needed to get out of the way."
themarketswork.com/2018/01/18/tax…
