[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Yes, Comey did leak classified information

On The Kherson fronT lines ... liTTle sign --- of a Ukrainian offensive

Judge Roy Moore ... VindicaTed --- Wins $8.2 Million DefamaTion LawsuiT

Does Donald Trump Have Jeffrey Epstein’s List of Clients?

DemocraT Megadonor Tells Fox ... ‘Hundreds of Thousands of Americans Have Been Killed by’ --- COVID-19 Vaccines

Fargo School Board ... votes 7-2 ---To no longer reciTe The Pledge of Allegiance

American STasi ... The quesTions remains --- Will winning elecTions be enough To sTop Them?

B.C. Little League cancels God from historic Player Pledge

FBI Raid On Trump Will Make Him A Martyr

FBI raid of Trump home shows that 'equal justice' is a farce

Don’t Be Fooled—the Left Is Gaslighting Again

Democrats suddenly realize open borders are a disaster

As Media Turns on Biden, Don’t Forget Their Role in Creating Current Disaster

STUNNING! 80.0% of In-Person Voters in Maricopa County on Election Day Voted Republican – Only 23.4% Voted Democrat

Judge Strikes Down San Francisco Law Allowing Non-Citizens To Vote

Congress should not legalize marijuana

The Russian Embassy JusT Released A New Video Mocking The WesT ... ‘Time To Move To Russia’ --- Where There’s ‘TradiTional Values - ChrisTianiTy - No Cancel CulTure’

Biden's Title IX rule could mean your daughter's college roommate will be a man

How progressive groups like the ACLU make New York City more dangerous

Why Biden’s claims of US economic strength don’t add up — and Dems are looking to add more poison

Unborn life needs strong national protection

Biden’s border of death

Progressive prosecutors are being ousted, one by one.

Gingrich: "American Tsunami" Will Deliver GOP 5-6 Senate Seats, 40-70 House Seats

The GlobalisT EfforT ... To 'GeT Trump' --- Is Backfiring...Bigly!

Nancy and Paul Pelosi are trading large — with a wealth of hypocrisy

ElecTion Heroes ... Are STopping FraudulenT VoTing --- The PosTal Service Was In On IT

Nolte: Despite January 6 Kangaroo Court, Donald Trump Beats Joe Biden in 7 of 10 Rematch Polls

Mayor Adams’ wake-up on migrant flights

‘Woke’ Corporate Support of BLM Has Deadly Consequences

CNN Director: We Worked To Oust Trump, Use ‘Fear’ To Pass Climate Agenda

Documents show Bill Gates has given $319 million to media outlets to promote his global agenda

Is Liz Cheney toast?

Biden and The Destruction of Wisdom

How Progressive InsaniTy ... Has DesTroyed --- The DemocraTic ParTy

Judge blocks Biden admin's transgender school bathroom rule, athletes

Canada’s ‘expert’ panel recommends the mentally ill be candidates for euthanasia

Cat's reaction when she says “I use she/her pronouns”

The 2022 Referendum on Crime

Here’s Why The Media Don’t Want You To Know About The Massive Protests Going On Around The Globe

Multiple 'Raging' Crises: Failures of 'Progressive' Governance on Full Display This Week

Affluent white female Democrats push away Hispanic and working-class voters

The Global Vaccine NighTmare Has JusT Begun ... 3 billion vaccinaTed people --- have undiagnosed myocardiTis?

Kamala Harris ... Delivers Word Salad --- aT American Rescue Plan Workforce DevelopmenT SummiT

My Democratic abuelos raised me. Here's why I'm now a Republican running for Congress.

Sorry, Democrats: We're Stuck With Joe and Kamala | Opinion

Teaching Library

WOW!

Who's the naked chick with Naked Joe Biden

Did Joe Biden Pinch You (underage girl)


Status: Not Logged In; Sign In

Recipes/Cooking
See other Recipes/Cooking Articles

Title: US companies are hoarding $2.5 trillion in cash overseas
Source: CNBC
URL Source: http://www.cnbc.com/2016/09/20/us-c ... -dollars-in-cash-overseas.html
Published: Sep 21, 2016
Author: Jeff Cox
Post Date: 2016-09-21 23:00:19 by U don't know me
Keywords: None
Views: 625
Comments: 2

US companies are hoarding $2.5 trillion in cash overseas Jeff Cox Tuesday, 20 Sep 2016

The overseas cash stash for U.S. companies continues to swell, with only scant hope of it being brought back home as Washington continues to debate repatriation.

American companies are holding $2.5 trillion abroad, an increase of nearly 20 percent over the past two years, according to the latest calculations from forecaster Capital Economics. The total is equivalent to nearly 14 percent of total U.S. gross domestic product.

Though the money pile could give a nice boost to the slow-growth domestic economy, corporate heads have been locked in a battle with the government over bringing the money home. The U.S. has the world's highest corporate tax rate at 35 percent, and under current law any cash brought home would be taxed at that rate.

A number of high-profile companies have come under fire for "inversions" — deals where a U.S. company buys a firm in a lower-tax nation and switches its domicile to escape high U.S. levies.

"The substantial tax bill most firms would face if they attempted to bring this cash home, however, means that it is still very unlikely to ever be repatriated under the current system," Capital Economics U.S. economist Andrew Hunter said in a note to clients. "This vast pile of foreign cash could provide a substantial boost to GDP if it was ever brought home."

At a sector level, tech and pharmaceutical companies are sitting on the lion's share of the overseas cash.

Microsoft and General Electric have more than $100 billion each abroad, while Apple is holding $91.5 billion and Pfizer has close to $80 billion. The companies did not respond to requests for comment.

Various proposals have been floated on giving companies a break for repatriation. The last time Washington lawmakers were able to make a deal was in 2004.

President Barack Obama last year proposed a one-time 14 percent tax on overseas cash, with a 19 percent levy on future earnings. Republican presidential nominee Donald Trump wants to cut all corporate taxes to 15 percent, with foreign earnings taxed at 10 percent. Democrat Hillary Clinton has not been as specific, though she has hinted at being open to a repatriation deal.

"The prospect of a deal being agreed to reform the corporate tax system is no longer as remote as it once was," Hunter wrote. "With corporate tax reform on the agenda of both parties, the odds are increasing that some of the foreign cash will eventually be repatriated. But this is unlikely to give a major boost to the domestic economy."

That pessimism over the effect of repatriated cash is rooted in a few reasons: Following the last deal, corporations used much of the money to reward shareholders with dividends and stock buybacks, and cash is hardly in short supply for companies.

Though the amount being held overseas now tops the U.S. total, companies are still holding $1.94 trillion in cash domestically, the highest in two years, according to the latest Federal Reserve data. That's part of a larger story of trillions in money lying fallow around the country — zero-yielding money markets are holding $2.66 trillion in investor cash, and banks are storing $2.15 trillion in excess reserves at the Fed.

In just those four categories, that's some $9.25 trillion in available cash doing nothing.

"Even if the cash was brought home, it would be unlikely to lead to the surge in investment that many hope for. After all, most firms already have large reserves of domestic cash and face record-low borrowing costs," Hunter said.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: U don't know me (#0)

Microsoft and General Electric have more than $100 billion each abroad, while Apple is holding $91.5 billion and Pfizer has close to $80 billion. The companies did not respond to requests for comment.

Are these not the companies that backed our first affirmative action president Black Insane Obummer?

American companies realize there is no room for investment in the US due to its tax policies. Thats by design from progressives who hate America and want to destroy her from within. We the sheeple just keep electing demoncraps to office and can't understand why things are getting worse. Not that pub'ic-hairs have been great but thats because we the sheeple have been electing progressive pub'ic-hairs instead of more libertarian/conservative people.

In the end we can blame politicians but in reality its we the sheeples fault.

Justified  posted on  2016-09-22   7:15:32 ET  Reply   Trace   Private Reply  


#2. To: Justified (#1)

" In the end we can blame politicians but in reality its we the sheeples fault. "

Yeah. I think all that voted for Obama Rama Ding Dong, and all that vote for Shitlerly, should be branded with a big I on their forehead, I for IDIOT. Then be subjected to daily, public beatings !

Si vis pacem, para bellum

Those who beat their swords into plowshares will plow for those who don't

Rebellion to tyrants is obedience to God.

if you look around, we have gone so far down the the rat hole, the almighty is going to have to apologize to Sodom and Gomorrah, if we don't have a judgement come down on us.

President Obama is the greatest hoax ever perpetrated on the American people. --Clint Eastwood

"I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within." -- General Douglas MacArthur

Stoner  posted on  2016-09-22   7:56:49 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com