BILLERICA, Mass.--(BUSINESS WIRE)--Dec. 20, 2005--Millipore Corporation (NYSE:MIL), a leading provider of bioprocess and bioscience products and services, today announced that it will repatriate approximately $500 million of foreign earnings under the American Jobs Creation Act of 2004 before the end of 2005. The Act, which was passed in October 2004, provides a one-time incentive for United States companies to repatriate accumulated income earned in foreign jurisdictions at a reduced income tax cost of 5.25%, compared to the usual U.S. corporate tax rate of 35%.
