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Which if the following is correct about US companies that keep their funds in foreign bank accounts

Which if the following is correct about U.S. companies that keep their funds in foreign bank accounts?

  • a.

    The companies still owe U.S. taxes on the money.

  • b.

    The IRS can reclaim the funds from these banks.

  • c.

    The companies have engaged in expropriation.

  • d.

    None of the above

 

Aug 23 2021 View more View Less

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