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 Excellent: $US1 trillion of United States corporate cash lies safely away from IRS in foreign countries

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RR Phantom

RR Phantom

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Excellent: $US1 trillion of United States corporate cash lies safely away from IRS in foreign countries Vide
PostSubject: Excellent: $US1 trillion of United States corporate cash lies safely away from IRS in foreign countries   Excellent: $US1 trillion of United States corporate cash lies safely away from IRS in foreign countries Icon_minitimeThu May 29, 2014 12:58 am
A mind-blowing $US1 trillion ($1.07 trillion) of United States corporate cash lies trapped in foreign countries.

Excellent: $US1 trillion of United States corporate cash lies safely away from IRS in foreign countries 1388702584533.jpg-620x349

How to free it, put it to use or repay agitated shareholders, while avoiding the billions of dollars of taxes owed to the US government, is now a major headache for management and a top priority for boards.

First some background as to how $US1 trillion of US corporate cash, or around 60 per cent of the entire total US cash balance, has become stuck in tax-friendly jurisdictions like Ireland.

To take advantage of materially lower tax rates – Ireland's corporate tax rate is one third of that in the US – America's largest companies legally restructured their companies so the Intellectual Property, and therefore, the profits, flow to places with the lowest tax.

http://www.smh.com.au/business/world-business/us-companies-face-trilliondollar-cash-headache-20140528-394ba.html
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Excellent: $US1 trillion of United States corporate cash lies safely away from IRS in foreign countries

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