Archive for March 19th, 2006

Corporate Execs Pocket Billions from Jobs Creation Act

In 2004, the U.S. Congress passed the “American Jobs Creation Act” which allowed a U.S. company to elect, for one taxable year, an 85% dividends-received deduction with respect to qualifying cash dividends from its foreign subsidiaries, when such dividends were in excess of a base period amount and were reinvested in the U.S. pursuant […]

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