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Taiwanese investors have repatriated funds in droves in 2009, totaling by some estimates as much as a third of the total amount invested offshore.
A recent survey of business leaders by the international accounting and advisory firm Friedman, for example, found that just 23percentt would reinvest repatriated funds.
For some small countries, such as Moldova, repatriated funds account for a large share of GDP, and even for bigger countries, such as Mexico, the billions of dollars received are roughly as sizeable as foreign direct investment.
European currencies also fell as forex traders repatriated funds into the dollar and yen.
In 2014, Russian President Putin announced a 2-year amnesty for Russian companies if they repatriated funds held offshore in order to avoid taxes.
There's absolutely no reason to believe that taxing their corporate jets would reduce investment, or that giving them a tax holiday on repatriated funds would increase investment.
Similar(43)
Some imported medicines, for example, have vanished from pharmacies, and brokers now warn foreign clients of trouble repatriating funds.
Traders had attributed the yen's surge to Japanese companies repatriating funds to finance recovery back home.
StAR sets up teams of experts and advises on the legislation needed to track and repatriate funds.
"There has been little progress toward corporate tax reform that would incentivise US companies to permanently repatriate funds held overseas.
Analysts at the investment house Brown Brothers Harriman said: "The typical expectation, based on past experience, is for Japanese investors to repatriate funds".
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