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How and Why Corporate Cash Hoarding Must End – Part I

S&P 500 corporations continue to grow cash and short-term holdings abroad, struggle with tax-efficient repatriation and apply short-sighted views to surplus investment, Kisandka Moses asks, what must be done to bring an end to practice of cash hoarding.

When asked to define their central purpose within a corporate entity, the vast majority of treasurers would most likely refer to their roles as central to the ‘purveying and optimization of corporate funds’.

By the end of last year, the largest 500 corporations listed on either NASDAQ or the New York Stock Exchange had stashed approximately $2.4 trillion in foreign subsidiaries and bank accounts, according to an analysis of corporate financial statements by the research group Citizens for Tax Justice.

 

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