In 2013, US companies held $2 trillion in indefinitely reinvested earnings abroad. How and why they continue to do this is central to the debate surrounding US international tax policy and carries broader repercussions for the domestic economy. Does the U.S. system of taxation potentially give foreign buyers of U.S. multinational businesses an unfair advantage? Jennifer Blouin, Associate Professor of Accounting at the Wharton School, joins host Dan Loney on Knowledge@Wharton to describe the presentation she recently gave to congressional staffers as part of the Penn Wharton B-School for Public Policy, a new monthly series of faculty-led seminars for policymakers.
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