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The SEC seeks more offshore disclosures from companies, as more interest kicks up about how much...

The SEC seeks more offshore disclosures from companies, as more interest kicks up about how much money U.S. firms stockpile abroad to avoid taxes. Though there no disclosures rules are in place, the SEC can raise questions through public comment letters when it believes information is material - as it has done with Caterpillar (CAT), Dow Chemical (DOW), Fortune Brands (FO) and CIT Group (CIT).
Comments (1)
  • These are multinationals. What's to keep them from moving their domicile off shore? I don't know if it's still the case but most American companies domiciled in Delaware due to its favorable governance laws. With many of these multinationals earning more outside the U.S. than inside, it would seem they could domicile in, say Bermuda, and operate in the U.S. through a subsidiary as most foreign based companies do.
    20 Sep 2011, 11:48 AM Reply Like
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