Fox Business
A lower, but mandatory, tax on offshore earnings could pave the way for U.S. companies to repatriate more than $1.3 trillion currently parked overseas. While current rules disincentivized companies from repatriating offshore earnings, the House tax proposal would remove that obstacle. Even if signed, however, it is unclear if the lower tax rate would be a boon to business investment in the U.S. Finance chiefs could use that money to extinguish any debt, because the tax bill would also curtail the deductions businesses get for the interest they pay on debt.