April 30, 2010
The dire state of the US government’s finances has caused revenue-raisers in Washington to once again turn their eyes toward corporate cash overseas. Recent unflattering press reports about how some large corporates ended up not paying any taxes due to their earnings being generated in foreign countries didn’t help. The NeuGroup recently surveyed some of its members to find out how much of their total cash is held abroad versus domestically. The results are below:
