Repatriation Tax Holiday Favors Franklin Resources

A tax holiday for cash repatriation has been getting a lot of buzz recently, and according to analysts at Citigroup, Franklin Resources, Inc. (NYSE:BEN) has the most to gain from such a deal. Rumored to be part of a broader tax reform bill, and mentioned in a recent speech given by President Obama, reduced taxes on cash repatriation is supposedly in the works. Initially, people assumed that it would be a one-time opportunity similar to what Congress added to the American Job Creation Act in 2004, but it now appears that the change could be permanent.

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