In 2011, many large transnational corporations with large amounts of cash earned, taxed, and stored overseas asked the U.S. government for a 'tax-holiday' in which they would be able to bring that cash back into the United States without paying additional tax. These corporations claimed that they wanted to be able to invest and spend that cash in the United States, helping the U.S. economy, but refused to bring the money back to the United States if it was going to be taxed. This situation is made possible through ______.

A) Americanization
B) grobalization
C) deterritorialization
D) globalization from below

Question

Nichole Christensen · Accepted Answer

Final Answer : C, Explanation :  The situation described in the question is made possible through deterritorialization, which refers to the process by which businesses can operate and store capital outside of any particular nation's borders. This allows them to avoid taxes and other regulations that might apply in a specific country. The fact that these corporations are holding their cash overseas and asking for a tax-holiday to bring it back into the United States illustrates this phenomenon.

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