Tax holidays: Do they create jobs?

Companies have recently begun lobbying for another tax holiday

Tax holidays can be a welcome allowance for some large multinational U.S.-based companies that store large amounts of cash overseas. Those companies tend to keep some of their cash offshore because they would have to pay a 35 percent tax on that money to bring it into the U.S.

But in 2004, companies got a break from this 35 percent tax. And now many of them are asking for another.


Cathleen Flahardy

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