Estimated by the FOF section as a fraction of the capital transfer paid by financial corporate business sector to the federal government for the one-time repatriation tax incurred by the Tax Cut and Jobs Act of 2017 on domestic financial sector foreign earnings accumulated after 1986 (FOF series FU795410003). The fraction is calculated as the levels of USDIA of life insurance companies (FOF series FL543092073) divided by total domestic financial sector USDIA (FOF series FL793092005). Unadjusted transactions are calculated as transactions at a seasonally adjusted annual rate divided by 4. Series has no levels.
Last edited on: 09/22/2022