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


To: Cogito Ergo Sum who wrote (80379)9/26/2011 3:51:04 PM
From: peter michaelson  Read Replies (1) | Respond to of 217750
 
Yeah, I have to figure out how to fit that into my worldview. If I can't do that I can always just deny the fact.



To: Cogito Ergo Sum who wrote (80379)9/27/2011 12:39:27 AM
From: elmatador1 Recommendation  Read Replies (1) | Respond to of 217750
 
Outsourcing provided huge tax avoidance. US government is going after those taxes. (Coca-Cola's) Mr Kent, speaking on the sidelines of the Clinton Global Initiative conference, hit out specifically at US provisions that tax companies for repatriating cash earned overseas. Coke does not disclose how much cash it holds overseas.
...

“If you talk about an American company doing business in the world today with its Chinese, Russian, European or Japanese counterparts, of course we’re disadvantaged,” Mr Kent said. “A Chinese or Swiss company can do whatever its wants with those funds [earned overseas]. When we want to bring them back, we are faced with a very large tax burden.”