Big Business Deserves a Break, Too: It’s Time for a Tax Holiday

Big Business Deserves a Break, Too: It’s Time for a Tax Holiday

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American multinational enterprises have harnessed the U.S. international tax system to legally defer taxation on trillions of dollars of unrepatriated foreign earnings. A 10% tax holiday, which would incentivize companies to repatriate offshore income at a rate far below the 35% federal corporate income tax rate, is a bargain that could benefit the IRS, American businesses, and investors alike.