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

|By:, SA News Editor

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.