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To: steplock

"Now under a new name (same ownership) registered in Bermuda so they pay NO U.S.A. TAXES AT ALL!!!!!!!!! "

That is not true. All corporations registered to do business in the United States pay income tax on their income earned in the United States. The purpose for incorporating in Bermuda is to avoid paying U.S. income tax on earnings from foreign operations. This would not be necessary if U.S. corporate tax rates were lowered to rates competitive with our foreign competitors.

Second, Accenture is a services company, and its greatest expense is compensation for its employees. Those employees are mostly American citizens who pay U.S. income tax, FICA and other payroll taxes.


66 posted on 06/02/2004 9:03:13 PM PDT by Poodlebrain
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To: Poodlebrain
Facts? You dare present facts on this thread? Next thing I know, you'll be claiming that U.S. corporations are taxed on their world-wide income! [chortle]
70 posted on 06/02/2004 9:21:39 PM PDT by 1rudeboy
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