Jump to content

Can companies use cash held offshore to buyback stock?


TeddyLampert
 Share

Recommended Posts

Can companies flush with cash held offshore use that cash to buyback stock?

 

I understand that companies hold a lot of cash in their international subsidiaries and might not want to repatriate that back to the US to avoid US taxation. Can that cash be used for stock repurchase programs or is it prohibited because it is offshore?

 

I guess anyone following the Apple/Icahn story might know the answer to this one. Thanks

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...