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U.S. House Speaker John Boehner (R-OH) and Vice President Joe Biden (L) stand to applaud as President Barack Obama delivers his State of the Union speech on Capitol Hill in Washington, February 12, 2013.
U.S. House Speaker John Boehner (R-OH) and Vice President Joe Biden (L) stand to applaud as President Barack Obama delivers his State of the Union speech on Capitol Hill in Washington, February 12, 2013.
(Charles Dharapak/Reuters)

SCOTT BARLOW

What if the U.S. taxed companies’ foreign cash – and nobody complained?

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.