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

To: Road Walker who wrote (373404)	3/10/2008 1:21:14 PM
From: TimF	Read Replies (1) \| Respond to of 1586323

They are not paying income taxes in those countries In the countries that don't have corporate income taxes perhaps, but in those that do (and the majority of the world does) they are indeed paying income taxes in those countries. they are not repatriating their profits to avoid US taxes. They have a local subsidiary in some other country. The subsidiary makes profits in a local country. The applicable taxes (if any) are paid there, and not in the US. No special tax break involved, just income in other countries being subject to the tax rules of those countries. If an American company operates in Ireland and pays the new 12.5% rate in Ireland, its getting treated the same as its competitors in that market. Force it to pay the US 35% rate and its at a disadvantage in that market. Obama's plan would put American companies operating in foreign markets at a disadvantage compared to their competitors.