U.S. companies structure overseas accounts to maximum advantage

03/29/2013 | Wall Street Journal, The

U.S. companies with multinational operations have learned to structure their accounts so they can borrow short-term funds from foreign subsidiaries over and over without incurring a U.S. tax liability. This process must be structured carefully to comply with Internal Revenue Service regulations and U.S. auditing standards. Such funds are typically used for daily operations or for stock buybacks.

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Wall Street Journal, The

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