The myth of Corporate America’s offshore cash
Year-over-year sales and earnings growth expectations, however, remain below their long-term averages, suggesting near-term growth will remain elusive. Please note: The Wall Street Journal News Department was not involved in the creation of the content above. About The CFO Report RSS The CFO Report provides original real-time reporting, analysis and commentary on news and trends of critical importance to chief financial officers and other senior corporate finance executives: accounting, tax, regulation, capital markets, banking, management and strategy. The CFO Report is a core component of CFO Journal, which aggregates articles and data from The Wall Street Journal and other premium sources. Contact our editors with news items, comments and questions at: firstname.lastname@example.org .
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Unless and until they bring the money back to U.S. shores, they can avoid paying U.S. tax on it. NEW YORK (CNNMoney) It’s a common argument in the debate over corporate taxes: If the top tax rate weren’t so high, U.S. multinational companies would happily bring home the money they have parked offshore. And doing so would lead to greater investment in the U.S.
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