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Obama Administration Moves To Discourage Companies From Moving Overseas
Published: Wednesday, September 24, 2014 - 2:04pm
Updated: Wednesday, September 24, 2014 - 2:08pm
U.S. corporations have billions of dollars that they’re holding onto—what some would call cash hoarding. And earlier this week, the Obama administration took executive action to discourage companies from moving their headquarters overseas to pay less in taxes.
We spoke with Jeff Cunningham, professor of practice at ASU’s W.P. Carey School of Business and a former publisher of Forbes magazine.