U.S. companies continued to hoard their foreign profits as they await a tax holiday that may not come or a change in the law. The untaxed overseas income of 70 U.S. corporation climbed by $187B over the past year, a Bloomberg analysis finds, with GE and Pfizer (PFE) leading the way. In total, the U.S. firms hold $1.2T abroad.
U.S. companies continued to hoard their foreign profits as they await a tax holiday that may not...
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