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U.S. Tax Code Provisions Encourage Offshore Jobs
The Wall Street Journal ^
| 03/12/2004
| STEVE LIESMAN
Posted on 03/12/2004 7:17:50 AM PST by neutrino
Edited on 04/22/2004 11:51:16 PM PDT by Jim Robinson.
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To: neutrino
I don't see many companies that are making really big gains in profits, despite offshoring.From the article:
" But here's how it works with the loophole: The U.S. subsidiary simply keeps the money offshore and certifies to its accountants that the money is invested overseas. It never remits the money to the parent and so never pays the $15 million extra to Uncle Sam."
41
posted on
03/18/2004 7:54:40 PM PST
by
lewislynn
(Free traders know it isn't , they just believe cheap popcorn makers raises their living standards.)
To: neutrino
bump
42
posted on
03/18/2004 8:15:13 PM PST
by
Ahban
To: TXBSAFH
Once again the American worker takes a total pants downer from Uncle Sam. The party ends when the money runs out.
43
posted on
03/19/2004 8:31:25 PM PST
by
searchandrecovery
(This tagline intentionally left blank.)
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