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US companies hopeful on overseas earnings tax amnesty

This article was originally published in Clinica

Executive Summary

US device companies with significant overseas manufacturing facilities are lobbying for a tax amnesty provision that would let them bring their earnings home during a tax window of one year at a markedly reduced tax rate. Customarily, these earnings are reinvested in the country where they have been earned, as to bring them back to the US would incur a significant tax charge.

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