Deere, Others Seek Exception to Cash Repatriation Tax
from Bloomberg BNA
Deere & Co., better known as John Deere, is pushing the IRS to grant it a company-specific exception to the 2017 tax overhaul’s levy on offshore cash, and while the exception would be a narrow one, the tractor maker isn’t alone in asking for it. The decision from the Internal Revenue Service will determine whether more than $100 million of Deere’s cash remains in its coffers or goes to the government, according to tax professionals.
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