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Tuesday, September 20, 2011 - 05:30 IST
SEC Seeks Offshore Cash Disclosure
BY Helen Thomas
US rules require companies to pay tax of up to 35 per cent on income generated overseas and brought home.
The US securities regulator is pushing more companies to disclose how much cash they hold offshore, as attention focuses on the impact of tax rules that encourage US companies to keep earnings overseas.
The Securities and Exchanges Commission...
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