Corporate groups want to 'repatriate' a trillion dollars. Sounds like money laundering to me.

A coalition of American-based corporations calling for a tax holiday on overseas profits say the Obama administration is looking at the issue from the wrong perspective.

The question, they say, is not whether a so-called repatriation holiday would distract from the push for corporate tax reform, as a top Treasury official asserted on Wednesday. The question is whether the government wants those offshore profits returned to the United States at all.

The U.S. Chamber of Commerce and the WIN America Campaign, the business coalition, both say they favor overhauling the corporate tax code. But they also flatly state that U.S. multinationals have little incentive now to bring what they say is roughly $1 trillion in revenues back home and that allowing them to do so at a reduced rate would help stimulate the American economy.

“So the real choice is not a tax holiday versus reform — it’s do we want money returned to the U.S. economy or do want it invested in competing economies overseas?” David Chavern, the Chamber’s chief operating officer, asked in a Wednesday blog post.

http://thehill.com/blogs/on-the-money/domestic-taxes/151613-business-groups-press-treasury-to-shift-on-corporate-tax-holiday

We tried this before in 2004, there wasn't any jobs, and it cost us billions of dollars.

Now, I'm not suggesting doing anything like this, but looking at that 'Anonymous' group and how they've been hacking the stuff of dictators and crooks recently, it would be awesome if they could find (And even better, do something with) all this money that's held overseas.

And expect us to pay the taxes on it.

economies.

the whole reason that money was untaxed in the first place is because they sent it overseas. So they get a benefit from sending it overseas and a penalty for bringing it back here!

And you wonder why the economy is so screwed up.

They're doing fine, sitting on their largest cash reserves ever, already. They'd just hoard this cash, too. Fuckers.