Another company repatriates $67 billion because of new tax law
Wall Street Journal:
The bottom line is that it will be more productive here than it was sitting in an overseas bank.
Cisco to Bring $67 Billion to U.S. After New Tax LawWhile their expenditures of teh returned profits may not be what many would prefer, the money will enter into the US economy and those who sell their stock in Intel will reinvest it in other companies or spend the profits on the stock in ways that will continue to spur growth.
Company expects to spend much of the newly repatriated cash on share buybacks and dividends
The bottom line is that it will be more productive here than it was sitting in an overseas bank.
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