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Hoosier
02-19-2009, 02:39 PM
Should we have a tax holiday for repatriating money stuck offshore.

http://www.accf.org/news.php?newsID=79

badbullgator
02-19-2009, 03:05 PM
Should we have a tax holiday for repatriating money stuck offshore.

http://www.accf.org/news.php?newsID=79


No need for a tax holid

ay or anything else BHO is here

http://images.craigslist.org/3ka3p13o0ZZZZZZZZZ92h072b3cf138131e6f.jpg

Franco
02-19-2009, 03:25 PM
quote
Roughly a half--trillion dollars is sitting overseas in the foreign subsidiaries of U.S. companies. That's right good old-fashioned cash the antidote to our current widespread plague. A study conducted by economist Allen Sinai for the American Council for Capital Formation found that $545 billion in foreign-earned income could be attracted back to the United States. Since many tech companies make half or more of their sales overseas, repatriation is a top priority of the Silicon Valley Leadership Group.

So, what's the problem? Our government imposes a 35 percent tax on income earned overseas that U.S. multinational companies must pay to bring the money back home.
quote

According to the Wall St Journal on-line, more businesses will be moving out of the USA and keeping thier money in other countries/offshore accounts because of the hostile business environment created by Obomonomics!