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SilasX
3345 days ago
Had it not happened, the US government would have gotten 0% of the money and their US operations would have been even more cash-starved.
3 comments
dragonwriter
3345 days ago
The US operations aren't cash starved; they can repatriate unlimited funds for operations with no problem, since operations are all deductible expenses which would result in no tax hit from bringing the money back.
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criley2
3345 days ago
Cash starved? These businesses are fine. They can borrow money domestically using the foreign horde as collateral.
If they are cash starved, it's because they have no credit and no horde.
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pdelbarba
3345 days ago
Yes, but the argument is that there would have been no showing of weakness that incentiveized corporations to hoard money for the next round.
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