How Apple could bring overseas cash home to help fix America’s crumbling infrastructure

Would U.S. companies holding wads of cash overseas be more likely to bring it home if, instead of facing steep corporate tax rates, they could invest part of the money in bonds and help mend America’s crumbling infrastructure?

Standard & Poor’s believes they would, and it argued in a new report Wednesday for a program that would allow companies repatriate the more than $2 trillion parked overseas on a tax-free basis, in return for committing 15% of it to investments in interest-bearing infrastructure bonds that would be issued by state and local governments.

Read: This is the one tax idea that would be fair to all Americans

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