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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (552)	9/17/2005 8:21:15 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 217942

TJ, he only gets it when QCOM pays me a dividend, then he only takes the non-resident with-holding tax, which is about 15% I think. Though he does tax my company's profits too, not to mention the talented and hard-working employees. So what we do in QUALCOMM is open R&D in India and China and hire talented, hard-working people there, who are not so used to a cushy life and will work for much much less than the equivalent talent requires in the USA. So their pay rates are not taxed by King George II. If Hu Jintao gets greedy and taxes my Chinese employees too much, then I will hire Indians instead. Or sell them a citizenship to NZ and they can come and live here [paying off the citizenship over a few years from their salary]. Gold? Why do I need that? I have still got some US$, but they are being whittled away and form a relatively small portion of nausages now. Mqurice