The deficit reduction super congress that is addressing the govt crisis in USA is expected to drop the tax on repatriated overseas income from 35% to 5.25%, at least for a one time shot. If it is a one-time shot, it must be a bad idea, but certainly if it is a good idea once, it should be a good idea always. At any rate, it means at some point, it will be a good idea to take back to USA overseas-based USA-money.
Another policy Republicans are fighting for is allowing corporations with foreign subsidiaries to repatriate capital back to the U.S. at a one-time tax rate of 5.25% (on income already taxed once in the country of origin) instead of having to pay a charge as high as 35% today.
It is also a recognition that USA companies operate overseas to avoid USA taxes. Of course the best idea is to cut taxes so companies do not play these games, but that is not going to happen when we maintain a standing army.
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