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A lot of big companies keeping cash do it for tax reasons. If they bring the cash to the US it is taxable in the US. They're really just waiting for the governm
by fredophile 7y ago
A lot of big companies keeping cash do it for tax reasons. If they bring the cash to the US it is taxable in the US. They're really just waiting for the government to reduce the taxes on bringing that money back.
- gamblor956 7y agoThe government already did that (Google the "tax holiday"). And US companies promptly used the money to buy back stock instead of investing in US facilities or employees, which is why it is unlikely it will happen again.
- fredophile 7y agoThe government has actually done it more than once. After the first time companies started saving up more cash in the expectation that it would happen again.