4 ms·
What that article doesn't make it clear is that the overseas cash was still subject to US taxation. A few years ago, that taxation could be indefinitely deferr
by tonfa 7y ago
What that article doesn't make it clear is that the overseas cash was still subject to US taxation.
A few years ago, that taxation could be indefinitely deferred, but that's no longer the case. So calling it a tax haven is somewhat misleading if we're talking about US companies.