Replies to post #242070 on SPDR S&P 500 (SPY)

[AnG5640]

Yes, makes much more sense. Sounds like their overseas assets are going to be taxed at this 10% rate regardless if the co brings anything back. So why not just go ahead & bring it back right away?

I'm assuming the co would receive a credit for the 10% tax paid if they chose to bring the cash back in some future year.....seeing that they need to keep some cash in the local countries to fund operations...