Some companies with high dollars oversees find it cheaper to borrow here than to bring the money back. I am working from memory but... Cisco and Quintiles.
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Michael Madigan Sent: Tuesday, April 26, 2011 1:00 AM To: [email protected] Subject: Fw: Re: [OT] Obama's America The reason the profits stay off-shore is because the corporate taxes are lower overseas. If the corporate tax here is lowered below other countries, the money will come pouring back. --- On Tue, 4/26/11, MB Software Solutions, LLC <[email protected]> wrote: > From: MB Software Solutions, LLC <[email protected]> > Subject: Re: [OT] Obama's America > To: "ProFox Email List" <[email protected]> > Date: Tuesday, April 26, 2011, 12:20 AM > On 4/25/2011 9:27 PM, Nicholas Geti > wrote: > > That begs the question. Obama has made no effort to > lower the taxes. A quick > > fix to the economy would be to allow companies to > repatriate their trillion > > dollar profits back to the U.S. tax free. That would > be a fantastic shot in > > the arm. _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/00b201cc0417$37c9e940$a75dbbc0$@com ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
