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posted Nov 6, 2014, 2:46 PM by Coastal Fairfield   [ updated Nov 21, 2014, 12:11 PM ]

Dinner Meeting Held on
Tuesday, November 18th from 6pm-8:30pm
Red Barn Restaurant, Westport, CT

Presentation on Corporate Taxes

Trapped Cash: When is a Dollar not worth a Dollar

Guest Presenters:

Dr. Bridget Lyons of Sacred Heart University

and Dr. Russell Engel of Southern Connecticut State University

The meeting covered an exciting topic which appeared in the April 2014 edition of IMA's Strategic Finance magazine.  “Trapped cash” refers to cash and liquid investments held by subsidiaries located outside the United States.  Co-authored by our guest speakers, the article uses the technology sector as a case study of the US tax code (with the highest corporate tax rates in the developed world) and associated tax-avoidance strategies.  They examine the magnitude of the issue, consider firm options for “trapped” cash and assess the valuation investors should place on trapped cash. Our presenters discussed their findings and answered consequent questions!