Curator

joined 1 year ago
[โ€“] Curator@lemmy.world 3 points 1 year ago (1 children)

A lot of the foreign currency was brought back under the trump years when companies were given a one time reduction in taxes to repatriot their cash. From 35% to 15% tax rate.

https://www.latimes.com/business/story/2019-12-19/companies-repatriate-1-trillion-since-tax-overhaul

[โ€“] Curator@lemmy.world -3 points 1 year ago (3 children)

Here's to hoping the Chinese evs come to the usa when the tax incentives end for us car companies. Otherwise I'm leaning to hyundai if that doesn't mature.