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PDF Editor FAQ

How do I, from a free resource, find, or calculate, how much money an American company has to repatriate if given a legal chance with a tax law change?

Strictly speaking, there is nothing in current U.S. tax law to prevent American MNCs from repatriating their offshore earnings. The reason they don’t is the disincentive of the high U.S. marginal tax rate, currently 35%, plus whatever applicable state corporate income tax rate applies.The specific information you seek is not available publicly. You would need to have access to Schedule J of U.S. Form 5471, which is contained in a company’s annual corporate income tax return, U.S. Form 1120. There are usually multiple Forms 5471 in a publicly traded company’s annual corporate return, one for each Controlled Foreign Corporation within the affiliated group.It is possible, however, to develop a very rough estimate of the annual offshore Earnings and Profits of a publicly traded company by reference to the geographic segment information contained in the annual Form 10-K, freely available on the public website of the U.S. Securities and Exchange Commission.As an example, the following information can be found in Note 11 of Apple’s recently filed Form 10-K for their fiscal year ended September 30, 2017.You might also try contacting the Investor Relations representative of a company if you are seeking more precise detailed information. You may be brushed off, but there would be no harm in asking.

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