What if the U.S. taxed companies’ foreign cash – and nobody complained?
— The Globe and Mail
ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day.
President Obama outlined a new policy Tuesday that would install a minimum tax on foreign cash holdings. We may be witnessing a historic event: The first ever punitive tax that is welcomed by U.S. CEOs.