Focusing on a lack of transparency related to untaxed foreign earnings (UFEs), this article highlights the growing balance in accumulated UFEs by the corporate sector. The authors also explain where the concept of “indefinite reinvestment assumption” comes from that has resulted in UFEs. The article further discusses that these UFEs are not really part of an entity's real earnings that are available to shareholders by discussing Schrodinger's paradox.
|Number of pages||10|
|Journal||Journal of Corporate Accounting and Finance|
|State||Published - Jan 1 2017|