In 2011, many large transnational corporations with large amounts of cash earned, taxed, and stored overseas asked the U.S. government for a 'tax-holiday' in which they would be able to bring that cash back into the United States without paying additional tax. These corporations claimed that they wanted to be able to invest and spend that cash in the United States, helping the U.S. economy, but refused to bring the money back to the United States if it was going to be taxed. This situation is made possible through ______.

Question

Quizplus · Accepted Answer

The Answer is C

In 2011, Many Large Transnational Corporations with Large Amounts of Cash