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: J_F_Shepard who wrote (612652)	5/23/2011 10:33:26 PM
From: Brumar89	Read Replies (1) \| Respond to of 1583507

The IRS taxes you on worldwide income .... they don't care where you earn it .... thats why the foreign tax credit is important ... it avoids double taxation.

To: J_F_Shepard who wrote (612652)	5/23/2011 11:21:08 PM
From: TimF	Read Replies (1) \| Respond to of 1583507

American companies have to pay taxes on profits if they bring them in to the US. The fact that we have high corporate income taxes provides the incentive for companies not to bring their profits here. That doesn't work so well for purely American companies, but international companies have operations in and between many countries. Where the profit is realized depends on how the different parts of the company allocate costs to each other. Your not going to be able to force them to pay high taxes on their profits.