China and India to halt repatriate flow to US
The bill will enable multi-nationals to repatriate forex to the US at a slashed income tax rate of 5.25% – down from the current rate of 35% – heralding a potential flow of $100–200 billion globally back to the US (FX Week, June 28).
But while there is little to keep US firms’ cash in Europe currently, the potential offered by the world’s fastest growing emerging markets may help keep money in the region, said analysts.
"New markets with growth potential such as China and India are the ones in
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