Stay or Go? eBay Repatriates Cash, Apple Keeps it Abroad
- By Andrew Deichler
- Published: 4/30/2014
Online auction site eBay defied conventional wisdom Tuesday when it announced it would repatriate $9 billion in cash held overseas—incurring a $3-billion tax bill in the process. U.S. multinationals have overwhelmingly held cash overseas in recent years to avoid the 35 percent tax rate t ...
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