Part of the tax law that was passed last year attempted to encourage U.S. companies that were holding earnings abroad to bring money home. Maybe companies might hire workers, increase wages or build factories.
We are well into 2018 and we are starting to see some repatriation.
President Donald Trump said in August he expected more than $4 trillion in overseas corporate profits to come flowing into the United States very soon. That's an unrealistic amount, said Michaele Morrow, associate professor of accounting at Suffolk University.