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The Trump Administration Changed Taxes on Cash Held Overseas. Now Firms Have Stopped Reporting It

May 11, 2018

Via: Fortune

A key figure disappeared from Apple’s latest quarterly report. It’s also gone from the regulatory filings of Netflix, Microsoft, Google’s Alphabet and Oracle.

Cash held overseas.

There’s nothing rule-breaking about leaving it out — some tax experts say it makes perfect sense — but the move could make it more difficult to gauge whether one of the federal tax changes enacted last year is stoking corporate investment in the U.S., as the Trump administration said it would.

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