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Politics : Ask Michael Burke

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To: Mike M2 who wrote (84038)10/9/2000 6:49:28 PM
From: Logain Ablar  Read Replies (1) of 132070
 
Bill:

If you consider that the employees pay income taxes on these earnings why should CSCO or MSFT pay. This is good tax planning (actually not even planning just following the code) and great accounting (not even creative accounting, its in the footnotes for those astute enough to read them). I think so anyway.

If the opportunity is there the company would be crazy not to take advantage of it. Its not even a loophole or a gray area. Its all spelled out in black and white in the IRC and GAAP (actually I think its an APB, Accounting Pronouncement Bulletin)

So far investors don't seem to mind with the stock dilution. I know the arguement on if/when (it has) the market turns but you cross that bridge when it happens.

Tim
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