View Single Post
  #8   Report Post  
posted to rec.boats
Wayne.B Wayne.B is offline
external usenet poster
 
First recorded activity by BoatBanter: Jul 2006
Posts: 10,492
Default Many companies pay less in US taxes than they do on overseas profits

On Thu, 03 Nov 2011 14:53:59 -0400, Drifter wrote:

It's not that simple. A lot of Fortune 500 companies are
multi-nationals meaning that they do business internationally and
generate profits in different countries/currencies. If they
repatriate that money back to the US they get hit with double
taxation, first where they earned it, and again here when they bring
it back. A lot of them would like to bring profits back but not at
the cost of double taxation.


Beardsley's corporate apologetica continues.


Wayne made an intelligent assumption and you made a fool of yourself,
AGAIN. Way to go WAFA.


=========

Proving once again that you can't educate those who already know
everything, or those who don't know what they don't know. :-)