Ending the disclosure seems to be more exception than rule. Tech giants like Qualcomm Inc. and Cisco Systems Inc. have continued to put out a number. So have Coca-Cola Co. and rival PepsiCo Inc., as have companies such as Caterpillar Inc. and General Electric Co. Of those companies, Coca-Cola, Caterpillar and GE have reduced their offshore holdings.
“Repatriations will be, in the grand scheme of things, relatively modest and opportunistic,” said Robert Willens, a tax and accounting adviser in New York. “I’m not sure that companies, certainly at this stage of the business cycle, are going to aggressively expand their plant and equipment balances in anticipation of even greater demand for their products.”
This article was provided by Bloomberg News.