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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Logain Ablar who wrote (5758)3/1/2002 3:20:57 PM
From: John Pitera  Read Replies (1) of 33421
 
Hi Tim, great post. I did not realize many of technical aspects of how companies and holding companies are taxed in Bermuda.

Look @ all the manufacturers going belly up now (last month was the first uptick in the manufacturing sector in 19 months). Your implying the companies should just do business as usual and continue to cut jobs and go out of business. There are many unintened consequences to the strong dollar policy.

Great point the Manufacturing index numbers have been the worse since the 1982 recession, which was very,very severe.

Fact 4 - The FSC which allows US manufactures favorable US tax treatment to compete outside the US is under attack by the European Union.

...not surprising that the EU is assaulting this.

Thanks for your very cogent post,

John
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