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by dv_dt
3658 days ago
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In general, I think companies are waiting for a tax-holiday on repatriating cash as has happened from time-to-time in the past. It would be interesting if tax laws were amended to allow tax-free repatriation of cash for the purpose of buying US-based companies. The US would lose out on collecting of the tax revenue (not that it's getting that revenue now), but it would allow a path to repatriate the cash in an instance when the cash injection might be inherently put back into circulation because of use in the transaction. |
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