Kellogg, the cereal manufacturer, announced on Monday that it would use the new tax break to bring back about $1 billion in foreign profits.

The numerous new provisions includes more than $20 billion in reductions over the next 10 years on foreign profits of multinational corporations.

And the strong dollar is hurting them, since they calculate foreign profits in United States currency.

For companies with operations abroad, the dollar value of foreign profits does increase.

It makes fools of companies that have routinely repatriated foreign profits at the full corporate tax rate.

That is why the producers say they were willing to take a 22-week strike rather than give up a much larger share of the foreign profits.

A weaker dollar means that foreign profits will be higher and losses smaller.

We're publishing next week rules on the taxation of foreign profits, so that multinationals stop leaving Britain and instead start coming here.

Many American multinational corporations have deferred taxes on foreign profits.

These customers can range from companies that have to bring home their foreign profits to mutual funds that make international investments.