Corporate America holds a startling $1.2 trillion offshore – or it did until Brussels intervened final week. At long final,will that cash be going home?Three years ago, Apple boss Tim Cook was emphatic. Appearing before a US senate committee, and the man who runs the world’s largest company told the politicians straight: Apple had no intention of repatriating billions of dollars of profits from its international operations until the US Treasury slashed corporate taxation.I have no current way to bring them back at the current tax rate,” Cook said.
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Source: theguardian.com