Many companies pay less in US taxes than they do on overseasprofits
On 11/3/11 4:07 PM, Wayne.B wrote:
On Thu, 03 Nov 2011 14:53:59 -0400, 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.
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Proving once again that you can't educate those who already know
everything, or those who don't know what they don't know. :-)
The only thing that you've proven in all your corporationist posts,
Beardsley, is that no matter what excesses corporations commit, you'll
favor them.
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