Repatriation Returns

When asked how they would spend repatriated earnings that are held abroad, the most popular answer was pay down debt, followed by repurchasing existing shares. Next was getting into mergers and acquisitions, fourth was increasing capital spending and fifth was boosting dividends. The only answer above that lifts GDP is boosting capital spending. That’s why it’s not worth bribing US firms with a tax cut to return their overseas monies.