Business | Tax amnesty on overseas cash could raise economic productivity in US: strategist
Capital Link International chief strategist Uwe Parpart discusses productivity growth in the US with CNBC's Bernie Lo. Photo: CNBC screen grab
Capital Link International chief strategist Uwe Parpart discusses productivity growth in the US with CNBC's Bernie Lo. Photo: CNBC screen grab

Tax amnesty on overseas cash could raise economic productivity in US: strategist

A one-time amnesty on repatriation of overseas corporate funds could lead to greater investment in US economic productivity, says Capital Link International chief strategist Uwe Parpart.

December 6, 2016 12:13 PM (UTC+8)

With an estimated US$2.5 trillion in corporate cash parked abroad, a one-time tax amnesty could lead to greater investment in US economic productivity, says Capital Link International chief strategist Uwe Parpart.

Parpart, who is also editor of Asia Times, says Trump’s proposal of offering a tax rate of only 10% on overseas funds brought back into the the United States could put an estimated US$500 billion into the economy.

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