U.S. multinationals like GE (GE) and Cisco (CSCO) are pushing for a tax holiday in order to...


U.S. multinationals like GE (GE) and Cisco (CSCO) are pushing for a tax holiday in order to repatriate billions of dollars “trapped” overseas, arguing using the money domestically will boost the economy. An unconvinced White House has thus far rebuffed the requests.
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Comments (2)
  • DagnyTaggart
    , contributor
    Comments (486) | Send Message
     
    Why not tax the money "trapped" overseas and have a DOMESTIC tax holiday?
    19 Oct 2010, 08:11 AM Reply Like
  • Burning Madolf
    , contributor
    Comments (200) | Send Message
     
    Could it be that big multinationals having been trying to negotiate this type of deal for some time, using hiring as a chip?
    19 Oct 2010, 08:47 AM Reply Like
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