Re: Offshore cash, fines, and taxes?
They could pay fines/costs from non-US governments with those funds, but if they used them for US fines the money must be repatriated first and full US taxes paid (less whatever taxes have already been paid on it in other countries)
So if Apple or Google get some bigass fine from the EU they'll be able to use money that has not been fully taxed in the US to pay for it, but if it is in the US they must repatriate first.
Biting the hand that feeds IT
