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That would require repatriating that cash, with tax consequences. An incredible amount of wealth has moved from the US economy to tax haven bank accounts for ta
by nikanj 11y ago
That would require repatriating that cash, with tax consequences. An incredible amount of wealth has moved from the US economy to tax haven bank accounts for tax reasons, and the IRS doesn't want to set a precedent where you would be allowed to bring it back tax-free.