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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (373413)3/10/2008 1:58:11 PM
From: TimF  Read Replies (1) of 1586528
 
In most cases not if the headquarters is in the US.

Except for operations in countries with no income tax, the American companies either pay the tax in the local country, or pay the tax in the US.

They have a local subsidiary in some other country. The subsidiary makes profits in a local country. The applicable taxes (if any) are paid there, and not in the US. No special tax break involved, just income in other countries being subject to the tax rules of those countries.

Now you are changing the ground rules.

No that's what I've been talking about all along.
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