Should Companies Retain "Strategic" Cash?
Harvard Business Review
APRIL 16, 2012
As long as the CFO can stipulate that the company does not intend to repatriate the cash, it avoids the incremental tax that will be levied due to the territorial system of U.S. Barring a tax holiday, this cash is effectively "trapped" offshore. Much of the strategic cash is typically held outside the United States.
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