IRS data suggests that, globally, U.S. nonfinancial companies hold at least three times more cash and other liquid assets than the Federal Reserve reports, idle money that could be creating jobs, funding dividends or even paying a stiff federal penalty tax for hoarding corporate cash.
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Do the ‘Job Creators’ really need more cash? – Ed.
Posted in News and Views
Tagged banks, business, cash, Depression, economic crisis, economy, entrepreneurs, ethics, financial crisis, financial institutions, funding, jobs, money, Recession, small business
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