Corporations lack cash in U.S. but hold money offshore

12/3/2012 | Wall Street Journal, The

Major U.S. companies are holding a large amount of cash offshore to avoid taxes while letting cash at home dwindle to a point of borrowing for basic functions such as paying dividends, buying back shares and paying taxes. The emerging picture of corporate cash abroad is in response to pressure on companies from the Securities and Exchange Commission to give investors an accurate evaluation of liquidity.

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Wall Street Journal, The

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