Volumes of repatriation of profits of American companies increased 5 times in the second quarter

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US companies in the second quarter of 2018 returned to the US corporate profit of $169.5 billion, which is almost 5 times more than in the same period last year, the US Department of Commerce reported. Compared to the first quarter, when 294 billion 900 million dollars were returned, there is a slowdown in the return to the US of the monetary liquidity of American companies held abroad. To stop the practice of leaving of the US companies from repatriating profits associated with the unwillingness to pay high taxes, the US authorities at the end of 2017 reduced the lumpsum tax on repatriation to 15.5% for cash and up to 8% for non-cash or illiquid assets.

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