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 Post subject: Hmm......
PostPosted: Tue Feb 13, 2018 2:17 pm 
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If the trend continues..........


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 Post subject: Re: Hmm......
PostPosted: Tue Feb 13, 2018 2:21 pm 
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There's going to be a massive 1 year pop from repatriation due to the lowered Corp tax followed by a continuous higher stream as it's no longer advantageous to keep foreign income offshore.

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 Post subject: Re: Hmm......
PostPosted: Tue Feb 13, 2018 2:26 pm 
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HokieHam wrote:
If the trend continues..........


January has run a surplus for 3 straight years now. Hasn't held the last 2 years.


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 Post subject: Re: Hmm......
PostPosted: Tue Feb 13, 2018 2:29 pm 
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HokieFanDC wrote:
HokieHam wrote:
If the trend continues..........


January has run a surplus for 3 straight years now. Hasn't held the last 2 years.

I’m betting it will......we’ll see.

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 Post subject: Re: Hmm......
PostPosted: Tue Feb 13, 2018 2:32 pm 
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awesome guy wrote:
There's going to be a massive 1 year pop from repatriation due to the lowered Corp tax followed by a continuous higher stream as it's no longer advantageous to keep foreign income offshore.

Good move to go to a non-territorial system so there is no foreign taxable income*. Under the previous corporate tax, all foreign income was taxable in the U.S., with a credit for foreign taxes paid. The new system does not tax foreign income. Income will still be earned internationally, it just won't be taxed in the U.S.

GILTI is still a tax on foreign income, but based on a formula which won't result in taxable income for many companies.

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 Post subject: Re: Hmm......
PostPosted: Tue Feb 13, 2018 2:40 pm 
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TheH2 wrote:
awesome guy wrote:
There's going to be a massive 1 year pop from repatriation due to the lowered Corp tax followed by a continuous higher stream as it's no longer advantageous to keep foreign income offshore.

Good move to go to a non-territorial system so there is no foreign taxable income*. Under the previous corporate tax, all foreign income was taxable in the U.S., with a credit for foreign taxes paid. The new system does not tax foreign income. Income will still be earned internationally, it just won't be taxed in the U.S.

GILTI is still a tax on foreign income, but based on a formula which won't result in taxable income for many companies.
https://www.withum.com/kc/what-the-fdii-and-gilti-provisions-will-mean-to-you/

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 Post subject: Re: Hmm......
PostPosted: Tue Feb 13, 2018 2:57 pm 
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awesome guy wrote:
There's going to be a massive 1 year pop from repatriation due to the lowered Corp tax followed by a continuous higher stream as it's no longer advantageous to keep foreign income offshore.


That was my first thought.

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