That massive stash of cash held overseas to avoid taxes by tech giants like Apple Microsoft and...

|By:, SA News Editor

That massive stash of cash held overseas to avoid taxes by tech giants like Apple Microsoft and Google (among many others)? Much of it is sitting in the States - in domestic bank accounts, Treasurys, and corporate bonds. As long as the money doesn't flow to the parent company though, it's not subject to tax. Absurdity doesn't begin to describe the tax system.