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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: rkral who wrote (178790)	7/21/2004 12:47:34 PM
From: The Duke of URL©	Read Replies (1) \| Respond to of 186894

"Perhaps you meant to say a company is allowed to distribute but not accumulate earnings UNLESS there is a need for the money, without tax consequences." No, I don't think so. I think they way you are stating it is inexact and incorrect. But it cetainly isn't worth arguing about. It has nothing to do with the issue of MS's intent, which was the subject of discussion. There is always a tax consequence upon distribution, and a company, under the tax law can distribute, whether or not there is a need for the money. There are state corporate laws which deal with this situation and IF the money is needed for TAXES, THAT is a different colored horse.