They haven’t committed to full repatriation, or even repatriating $350 billion – and their talk of investing those $350 billion over 5 years comes from domestic profits that they will be reinvesting and receive full deductions from.
The point of repatriating money that is not being paid taxes on escapes me anyway – the govt gains no benefit from that. Neither does the company repatriating.
Mind you, in Apple‘s case, they can repatriate SOME of the funds, in order to pay off and pay back the funds and loans they took out for domestic expenditures and shareholder payments. Those payments, then, become deductions.
They have no incentive to repatriate all their offshore profits, since they still have overseas expenditures to pay.
Besides, in 5 years, they will have replenished $200 billion (yes, that’s how much money they have, and make).
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