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Need help with these questions. Thanks The combination of deferral and increased reporting of US multinationals' income in low-tax jurisdictions has led to a large
Need help with these questions. Thanks
The combination of deferral and increased reporting of US multinationals' income in low-tax jurisdictions has led to a large buildup of overseas assets, as many firms no longer have enough foreign tax credits to offset US taxes when they repatriate foreign profits. What US Government action may be executed to bring the money back to the US? Explain.
US multinationals book a disproportionate share of profits in low-tax locations. In 2013, US multinationals reported over one-fourth of their overseas profits in three low-tax countries: the Netherlands, Ireland, and Bermuda. Develop and explain a strategy for ending this practice.
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