About: Repatriation tax avoidance

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Repatriation tax avoidance is the legal use of a tax regime within a country in order to repatriate income earned by foreign subsidiaries to a parent corporation while avoiding taxes ordinarily owed to the parent's country on the repatriation of foreign income. Prior to the passage of the Tax Cut and Jobs Act of 2017, multinational firms based in the United States owed the U.S. government taxes on worldwide income. Companies avoided taxes on the repatriation of income earned abroad through a variety of strategies involving the use of mergers and acquisitions. Three main types of strategies emerged and were given names—the "Killer B", "Deadly D", and "Outbound F"—each of which took advantage of a different area of the Internal Revenue Code to conduct tax-exempt corporate reorganizations.

Attributes	Values
rdfs:label	Repatriation tax avoidance (en)
rdfs:comment	Repatriation tax avoidance is the legal use of a tax regime within a country in order to repatriate income earned by foreign subsidiaries to a parent corporation while avoiding taxes ordinarily owed to the parent's country on the repatriation of foreign income. Prior to the passage of the Tax Cut and Jobs Act of 2017, multinational firms based in the United States owed the U.S. government taxes on worldwide income. Companies avoided taxes on the repatriation of income earned abroad through a variety of strategies involving the use of mergers and acquisitions. Three main types of strategies emerged and were given names—the "Killer B", "Deadly D", and "Outbound F"—each of which took advantage of a different area of the Internal Revenue Code to conduct tax-exempt corporate reorganizations. (en)
foaf:depiction
dcterms:subject	Tax avoidance in the United States Tax avoidance Corporate tax avoidance Corporate taxation in the United States Mergers and acquisitions Tax law
Wikipage page ID	67609310 (xsd:integer)
Wikipage revision ID	1082057012 (xsd:integer)
Link from a Wikipage to another Wikipage	Schering-Plough Multinational corporation Base erosion and profit shifting Bermuda Big Four accounting firms Johnson & Johnson Republic of Ireland Dutch Sandwich Internal Revenue Code Mergers and acquisitions Tax residence Corporate tax in the United States Tax avoidance in the United States Stock Tax avoidance Corporate tax avoidance Corporate taxation in the United States Janssen Pharmaceuticals Tax Cuts and Jobs Act of 2017 Subsidiary Mergers and acquisitions Tax law Economic policy of the Donald Trump administration Holding company Tax Double Irish arrangement Bond (finance) Income tax in the United States Internal Revenue Service Merck & Co. Netherlands Cash Tax avoidance Synthes Reorganization
sameAs	Repatriation tax avoidance Repatriation tax avoidance
dbp:wikiPageUsesTemplate	dbt:Good_article dbt:Reflist dbt:Short_description dbt:Use_American_English dbt:Taxation
thumbnail	wiki-commons:Special:FilePath/Killer_B_Pseudo-reorganization_acquisition_diagram.png?width=300
has abstract	Repatriation tax avoidance is the legal use of a tax regime within a country in order to repatriate income earned by foreign subsidiaries to a parent corporation while avoiding taxes ordinarily owed to the parent's country on the repatriation of foreign income. Prior to the passage of the Tax Cut and Jobs Act of 2017, multinational firms based in the United States owed the U.S. government taxes on worldwide income. Companies avoided taxes on the repatriation of income earned abroad through a variety of strategies involving the use of mergers and acquisitions. Three main types of strategies emerged and were given names—the "Killer B", "Deadly D", and "Outbound F"—each of which took advantage of a different area of the Internal Revenue Code to conduct tax-exempt corporate reorganizations. The application of repatriation tax avoidance strategies has drawn public scrutiny. Several large corporate acquisitions have involved significant repatriation tax avoidance strategies, including Merck & Co.'s acquisition of Schering-Plough and Johnson & Johnson's acquisition of Synthes. The use of repatriation tax avoidance strategies has been compared with the use of Double Irish arrangements to avoid taxes, though the two tax avoidance plans differ in the sorts of taxes that they allow a company to avoid. Double Irish arrangements have allowed multinational companies to avoid taxes owed to countries in which foreign subsidiaries of a U.S.-based multinational corporation are incorporated. Repatriation tax avoidance strategies, however, have allowed U.S.-domiciled companies to avoid owing taxes to the United States. (en)
prov:wasDerivedFrom	wikipedia-en:Repatriation_tax_avoidance?oldid=1082057012&ns=0
page length (characters) of wiki page	17545 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Repatriation_tax_avoidance
is Link from a Wikipage to another Wikipage of	Pseudo-reorganization acquisitions Mojang Studios Tax Cuts and Jobs Act of 2017 Pseudo-repatriation acquisitions
is Wikipage redirect of	Pseudo-reorganization acquisitions Pseudo-repatriation acquisitions
is foaf:primaryTopic of	wikipedia-en:Repatriation_tax_avoidance

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