Moody's: One-time cash repatriation tax cut would have varied, potentially short-term credit impact for US companies
New York, December 08, 2016-- A one-time tax cut proposed by US President-elect Donald Trump on repatriation of non-financial US companies' offshore cash would temporarily improve domestic liquidity. However, the credit implications for companies with significant offshore cash holdings would depend on how they use the windfall, says Moody's Investor Service in a new report. Of the most likely scenarios, Moody's notes that aggressively boosting shareholder returns through...
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