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Many companies pay less in US taxes than they do on overseas profits

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Drifter[_2_] Drifter[_2_] is offline

Drifter[_2_] is offline

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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

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