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Cohn Says Repatriation Tax Rate Will Be in '10-Percent Range'

Bloomberg -------- National Economic Council Director Gary Cohn said Sunday that the Trump administration’s proposed tax on offshore profits would be in the “10 percent range.” The long-awaited tax framework unveiled by White House advisers and congressional leaders last week didn’t specify the rates for the one-time tax U.S. companies would be subject to for their accumulated offshore profits. The plan just said there would be a higher rate for income held in cash compared to the rate for less liquid investments. To learn more click on the picture below to read the article.

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