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Multinational corporation wants to understand the changes to tax law - they have a subsidiary in...

Multinational corporation wants to understand the changes to tax law - they have a subsidiary in France with $100,000 of E&P as of December 31, 2017 and $100,000 of cash, those are the only items on the balance sheet. The French subsidiary acts as a distributor for the US parent in France, including providing installation and repair services for its customers in France. There are two employees who work out of their homes. The French subsidiary earns $50,000/year. Explain the new international provisions in the tax law that will apply to Multinational Corporation with respect to their French subsidiary. Are they allowed to keep their cash in the French subsidiary at the end of 2017? Does it makes sense to?
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