Saturday, 29 April 2017

Companies are holding a $2.6T pile of cash overseas that’s still growing

U.S. companies looking to avoid paying domestic tax rates are holding about $2.6T in overseas earnings, a number that has been rising steadily for years, according to research from Capital Economics. Part of President Trump’s tax plan calls for a “holiday” that would lower the U.S. rate to incentivize companies to repatriate — bring home — that

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