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Question for those with a little more tax acumen than I have - if moving large sums of money offshore is frequently a one-way street due to tax penalties when t
by sethhochberg 13y ago
Question for those with a little more tax acumen than I have - if moving large sums of money offshore is frequently a one-way street due to tax penalties when that cash comes back into the country, what are companies using (or able to use) that cash for?
- jmcphers 13y agoBuying stuff that's also offshore. For instance, it's rumored that Microsoft's acquisition of Skype was much less expensive than it might have been because Microsoft was able to purchase Skype with funds already overseas--if they had wanted to purchase a US company, they'd have had to move the funds back to America, with all of the tax consequences such a move implies.