One goal of the Tax Cuts and Jobs Act of 2017 is to encourage corporations...
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Accounting
One goal of the Tax Cuts and Jobs Act of 2017 is to encourage corporations to:
A) Bring all of their foreign assets back to the U.S. by paying a one-time tax rate of 15.5 percent on those assets.
B) Bring their overseas cash back to the U.S. at a one-time tax rate of 35% percent.
C) Repatriate their untaxed overseas profits.
D) Claim all overseas profits as U.S. profits to avoid paying taxes to foreign governments.
E) Distribute all of their overseas profits as dividends to avoid all U.S. taxes.
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