Should we have a tax holiday for repatriating money stuck offshore.
http://www.accf.org/news.php?newsID=79
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Would this help the economy
Should we have a tax holiday for repatriating money stuck offshore.
http://www.accf.org/news.php?newsID=79
Originally Posted by Hoosier
No need for a tax holid
ay or anything else BHO is here
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Corey Burke
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!
Where do we go without great leaders for the defense of our liberties? Who will defend our right to live our lives _as we chose_ without others taking that from us? The answer is, as it should be, no one. We are the defense of our rights and should always remember that. Libertarian blogger
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