Initial 2017:Q4 level is 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 finance companies (FOF series FL613092003) divided by total domestic financial sector USDIA (FOF series FL793092005). Subsequent quarter transactions are estimated by the FOF section according to the eight-year installment schedule established by the federal government. Data show no significant seasonality.
Last edited on: 09/22/2022