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:
Verified
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