Millipore Repatriates Foreign Earnings Millipore Corp.(Billerica,MA)is repatriating approximately 500 million of foreign earnings under the American Jobs Creation Act of 2004.The Act,which was passed in October 2004,provides a one-time incentive for U.S.companies to repatriate accumulated income earned in foreign jurisdictions at a reduced income tax cost of 5.25%,compared to the usual U.S.corporate tax rate of 35%.
展开▼
