Solved

The Tax Cut and Jobs Act of 2017 Allows Untaxed

Question 46

Multiple Choice

The Tax Cut and Jobs Act of 2017 allows untaxed foreign profits held as cash or as securities to be:


A) used to purchase U.S.fixed assets after a one-time tax of 8 percent.
B) repatriated at a one-time tax rate of 15.5 percent.
C) returned to the U.S.at the new corporate tax rate of 15 percent.
D) repatriated at a one-time tax rate of 8 percent.
E) returned to the U.S.as tax-free income.

Correct Answer:

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