> US gov wants to take something like 35% in taxes of "repatriated" earnings.
You are surprised that the US wants to tax earnings? The US taxes everyone's earnings. If they want to keep it overseas they can avoid the tax. If they want to bring it back they need to pay a tax on the amount minus the credit for the foreign tax already paid. They would have been taxed if they earned the money in the US, so I'm not sure why this is surprising.
You are surprised that the US wants to tax earnings? The US taxes everyone's earnings. If they want to keep it overseas they can avoid the tax. If they want to bring it back they need to pay a tax on the amount minus the credit for the foreign tax already paid. They would have been taxed if they earned the money in the US, so I'm not sure why this is surprising.