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Strategies & Market Trends : Value Investing

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To: Brian Sullivan who wrote (49850)	10/23/2012 12:48:50 AM
From: Spekulatius	2 Recommendations Read Replies (2) of 78919

Re WDC - 10% tax rate on profits per their own earnings report. They must be really good at moving their economic profits to tax havens. All industrial countries that consume drives (USA, Japan, Europe, China) and countries that produce drives (China, Thailand) have higher tax rates. So I am guessing they have some offshore mailbox office in a tax haven and owns all the IP and patents and hence is the "source"of their profits. How else is it possible to have an overall tax rate that low if you produce and sell your products in countries with much higher tax rates? Folks get haunted by tax authorities if they move to another state from let's say california to Nevada. Who is haunting these companies? The tax authorities should have a look at where the real economic profits are made. My understanding is that it is simply tax evasion, if I design a legal construct just for the matter of tax evasion (example would be to have a mailbox adress in Nevada, while I work in California). Why is this possible on a grand scale, while the little guy is haunted for doing the same? This looks like tax fraud in plain sight to me. End of rant.

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