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  • Holly Roundtree CPA

2019 – 07/30

The U.S. direct investment abroad position decreased $62.3 billion, to $5.95 trillion at the end of 2018 from $6.01 trillion at the end of 2017. According to a Bureau of Economic Analysis report, the decrease was due to the repatriation of accumulated prior earnings by U.S. multinationals from their foreign affiliates, largely in response to the 2017 Tax Cuts and Jobs Act (TCJA). The law generally eliminated taxes on dividends, or repatriated earnings, to U.S. multinationals from their foreign affiliates. The decrease reflected a $75.8 billion decrease in the position in Latin America and elsewhere in the Western Hemisphere, primarily in Bermuda. Read more here: http://bit.ly/2Moxrw0.

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© 2018 by Holly C Roundtree, CPA, PLLC

Holly C Roundtree, CPA, PLLC


Tel: 972-404-4434

Email: holly_roundtree@hcroundtreecpa.com​

Address: 13355 Noel Road, Suite 1960, 
One Galleria Tower
Dallas, Texas 75240

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