NET(net) is closely watching Tax Reform progress in the United States, and the potential impact to foreign banks as Trillions of U.S. dollars could be 'repatriated' overnight. Several EU banks are already teetering on the brink. Compounding their current debt issues, is the very real possibility that their own offshore entities and partners suffer a 'vaccum effect' of losing trillions in deposits and holdings back to the United States. There will be an impact - especially to the Technology Supply Chain of these banks and financial institutions. NET(net) will be writing and discussing this topic in greater detail with clients in the coming weeks. Call or email us to schedule time to learn more on how this could impact you directly.
Click below to learn how Microsoft and several of the world's largest companies are currently holding trillions overseas, and just how quickly that could change.