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Need Cash? - Tap Your Foreign Sub | CFO Lounge

Need Cash? - Tap Your Foreign Sub

Tue, Oct 7, 2008

Down to Business

Those nice folks at the IRS and Dept of Treasury have eased cash repatriation rules so that parent companies domesticated in the US can access their sub’s cash without harsh tax penalties (35%). There are limitations and the usual yada yada but in short, the IRS is allowing subs to lend cash to their parents for double (60 days) the amount of time they previously could without getting nailed by Uncle Sam.

This post was written by:

Chad Cohen - who has written 51 posts on CFO Lounge.

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