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Much of the $2.5 Trillion in Corporate “Overseas Cash” Is Already in the U.S.

How can you miss what never leaves town?by Gaius PubliusComing out of the season of merry and bright we'll be coming into the full blast of news about "what Trump will do." One thing he's going to do is drastically lower taxes on the wealthy and on corporations. Another thing he'll do is declare a "tax holiday" on corporate profit that's (so-called) "held overseas", the (so-called) "unrepatriated" pile of cash that extremely favorable U.S.