Detailed text transcripts for TV channel - FOXNEWS - 20170307:05:41:00
Really bad international tax system. we do tax corporations twice. you pay money locally and then when they want to repatriate money, they have to true up to u.s. tax rates. which are 35%, the highest of any of our competitive nations around the world. we give them an option, we say if you don't want to repatriate the money right now, you don't have to pay the tax. o so they do for the tax. with the companies are doing iss they do not want to pay the additional tax so they are electing to defer the repatriation, which is why all that money is sitting overseas. what we propose to do is end the ...
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