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Why do/did US corporations have large sums of cash sitting abroad in their foreign subsidiaries? a.Foreign governments subsidized these subsidiaries b.Most developing economies restrict repatriation
Why do/did US corporations have large sums of cash sitting abroad in their foreign subsidiaries? a.Foreign governments subsidized these subsidiaries b.Most developing economies restrict repatriation of profits c.Possible future foreign expenditure and taxes on repatriated profits created an option value to holding money abroad d.US firms wanted to minimize dividend payments to shareholders
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