Offshore Corporate Profits: The Only Thing ‘Trapped’ Is Tax Revenue
"There is something trapped on the balance sheets of U.S. multinationals. But it is not corporate profits—it is federal tax revenue."Quite so. It's important to understand what's going on here. This U.S.-focused issue afflicts many other capital-exporting countries too.
(Update April 2014: For more information on corporate tax see here)