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The biggest U.S. firms generate only around a third of their revenue abroad, but a large number...

  • Tuesday, December 4, 2012, 2:45 AM ET
    The biggest U.S. firms generate only around a third of their revenue abroad, but a large number keep their ever growing cash mountains overseas and away from the IRS. It means that the likes of Emerson Electric (EMR), which has around $2B of cash in Europe and Asia, have to resort to borrowing to pay dividends or buy back shares.
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    It is our stupid tax poicy that puts corps at a disadvantage. Let's bring home the cash and create jobs here. Hello! Mr President.
    4 Dec 2012, 07:30 AM Reply Like
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