Curator

joined 1 year ago
[–] Curator@lemmy.world 3 points 1 year ago (1 children)

A lot of the foreign currency was brought back under the trump years when companies were given a one time reduction in taxes to repatriot their cash. From 35% to 15% tax rate.

https://www.latimes.com/business/story/2019-12-19/companies-repatriate-1-trillion-since-tax-overhaul