US multinational companies are stepping up efforts to deploy their overseas earnings in cross-border mergers and acquisitions as they seek to avoid the tax hit from repatriating their so-called “trapped cash”.
The activity has prompted debate among bankers over whether tax issues are distorting business decisions, potentially leading US companies to favour overseas investments over opportunities at home.
“Companies have been asking bankers to find them targets in countries where they can use this cash,” said one adviser. “It is earning them zero and lowers the opportunity cost of an acquisition in an overseas market.”
您已閱讀35%（623字），剩余65%（1158字）包含更多重要信息，訂閱以繼續探索完整內容，并享受更多專屬服務。