Companies in the US are seeking a tax concession that would allow them to
bring home an estimated $1,000bn currently held in overseas jurisdictions.
According to the
Times companies are now seeking some form of tax holiday from the Obama
regime so the cash can be used in the US.
Typically repatriated cash would face a charge of 25-35%.
The FT reports Keith Sherin, CFO of General Electric, saying he believes it
would be good for the US economy if the money could be brought home at more
The estimates of how much is held by US companies overseas comes from JP
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states