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Return-to-office orders look like a way for rich, work-obsessed CEOs to grab power back from employees
(www.businessinsider.com)
this post was submitted on 24 Aug 2023
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Don't forget the hoarding of cash offshore too. A lot of themcan pay, they just don't want to use their own money.
A lot of the foreign currency was brought back under the trump years when companies were given a one time reduction in taxes to repatriot their cash. From 35% to 15% tax rate.
https://www.latimes.com/business/story/2019-12-19/companies-repatriate-1-trillion-since-tax-overhaul
That's an amazingly non-nuanced response. Very curious.