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 : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Elsewhere who wrote (126829)	7/22/2005 11:18:32 AM
From: carranza2	Read Replies (1) \| Respond to of 793684

The reason why 2005 is lower is not due to organic growth and resulting higher tax revenues but is largely due to a one time tax holiday given to corporations which are allowed to repatriate cash from abroad without incurring the customary 35% tax rate. This tax rate giveaway is now set at, I think, around 5%. Many US corporations have taken advantage of this gift and have repatriated lots of cash at the favorable rate, inflating tax revenues on a one-time-only basis. This is not a permanent feature of the Tax Code as it expires this year. We will be back at square one next year.