Bringing Cisco's Cash Back to the US Would

Bringing Cisco's cash back to the US would cause a rush of dividends, buybacks and M&A, CEO says

Cisco Systems CEO Chuck Robbins told CNBC on Wednesday that if the company could repatriate foreign capital, it would make a combination of dividends, redemptions and mergers and acquisitions.

Cash repatriation, or bringing international profits back to the US, would eventually create jobs for Cisco, Robbins said on "Squawk Box" Wednesday at the roundtable business in Washington.

Many large US companies keep stacks of cash abroad because they do not want to pay stiff taxes to bring them home. Cisco has more than $ 60 billion overseas and could be one of the main beneficiaries of repatriation measures proposed by President-elect Donald Trump.

"I think it would be for [creating jobs] for Cisco, but it would also create jobs beyond that," said Robbins. "If we come back - if we were to increase our dividend - while mutual funds, which goes through America's middle class, flowing through to make people feel better about their income.

I continued: "I think all this is good for business."

Robbins said Trump is business-friendly and could drive the US economy.