The massive Republican corporate tax cut won't likely encourage the return of sheltered money to America.
Some of the biggest offenders? Apple, GE and Microsoft.
Instead of making a "deal" on deferment and letting the corporations just keep this money they owe us, let's fix this loophole and give most of this tax money to the 242 million adult U.S. residents. What's left over (and there might be a lot -- as much as $215 billion) can be used to fix our infrastructure and other priorities.
Conglomerate General Electric Co had the biggest pile of earnings stored abroad, at $110 billion, the firm said. Research
By removing the Scrooge-like obstacles embedded in the tax code, exiled cash could be fueling our sputtering American economy instead of creating jobs and investments in China or Vietnam by American multinational corporations.
Apple didn’t immediately respond to The Huffington Post's voicemail and email messages. On Tuesday, Cook is expected to testify
Even though corporate tax breaks cost the U.S. government billions every year, the particulars of how they work remain a
Still, groups like CTJ say a move to a territorial tax system would hurt the U.S. by incentivizing companies to shift profits
Sending profits away keeps the taxman at bay. U.S. companies have a record $1.9 trillion or more held abroad, according to