|
posted to rec.boats
|
|
external usenet poster
|
|
First recorded activity by BoatBanter: Sep 2011
Posts: 823
|
|
Many companies pay less in US taxes than they do on overseasprofits
On 11/5/2011 12:19 PM, wrote:
On Thu, 03 Nov 2011 14:53:59 -0400, wrote:
On 11/3/2011 1:53 PM, X ` Man wrote:
On 11/3/11 1:32 PM, Wayne.B wrote:
On Thu, 03 Nov 2011 08:42:39 -0400, wrote:
I wonder why corporations leave the US tax haven and move to far off
places? Harry knows the answer but he won't admit it.
======
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.
And we should adopt that ASSUMPTION as fact? Why?
I don't know. Should you? You tell me.
--
1-20-13 The end of an error
|