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 : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (372946)	3/7/2008 10:11:00 AM
From: Road Walker	Read Replies (1) \| Respond to of 1573020

Or in other words they are generating profits overseas partially because of the high tax rates here. No they are generating profit where ever they can of course. But they are not repatriating the profits... they are keeping them overseas. At least until the government declares one of their periodic "tax holidays". Also some people view companies paying the lower tax rates abroad is one of those "broad exemptions", and see it as a loophole to be closed (see the posts about Obama's idea of "Patriot Corporations" linked to below). I strongly disagree. And penalizing American corporations for trading and investing abroad will only cause us to lose sales in other countries to foreign competitors. "Penalize"? Hell we are currently incenting them to take their business overseas. Removing an incentive is not a penalty.