Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Peter O'Brien who wrote (10246)	3/27/2004 5:37:05 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 81568

Why can't a corporation be free to change its citizenship just like an individual person? For the same reason that an individual person can't change his citizenship to the Cayman Islands while continuing to live in NYC and work on wall street making 1mm$$/year. Even if a U.S. company re-incorporates in the Cayman Islands, they will still pay full U.S. taxes on their U.S. operations! They are only avoiding U.S. taxes on their on their non-U.S. operations. As far as offshore ops, if a complete division offshore produces a product, and sells it HERE (as is a common practice for Hewlett Packard for example) then it is the offshore division of HP that is profitable, NOT HP US- even if they sell the product here! I don't think you have thought this through. Kerry's plan addresses this in its entitety. There is another hybrid situation involving divisions of US corporate ops moved offshore, this is the case where a US company like Cisco moves their internal IT offshore, and Kerry's policy only addresses this with some kind of tax credit for hiring US workers. Not great but this is a tougher situation to police vs. the above.