Taxing offshore profits could fill lots of potholes
CNBC News - 02/02/2015
Proponents of a tax holiday argue that letting companies bring profits back home will spur investment and create jobs. But studies have shown that the last time Congress gave corporations a tax holiday, in 2004, the move did little to boost the economy.
Instead, companies used their overseas profit pool to better manage the earnings they reported to investors, according to a study last yearby accounting experts Michaele Morrow of Northeastern University and Robert Ricketts of Texas Tech.