I guess these guys shouldn’t have voted for Obama.
Oh well....
One could also blame previous tax codes for helping entrap companies into weird accounting systems like this. I am not sure I even understand it well, but it sounds artificial. It’s another argument for flat taxes, like Cain’s proposal.
“Kentucky bourbon makers say President Obama’s corporate tax overhaul could hobble their industry and cause major economic hardship...”
Oh, puh-leez!
Hobbling industry and causing major economic hardship is what Obama is all about.
Obama may be an idiot, but his early education - such as it was - was enough to indicate to him that you can’t have a communist revolution without significant social unrest.
It’s ironic. LIFO was created (I believe) in the seventies as an accounting solution to roaring inflation that was playing havoc with inventories. Leave it up to Obama to do away with it just when it’s needed again.
But if abolishing it can put the screws to small businesses, Halleluiah!
The big-government/big-corporate criminal complex is on its way to owning everything, and someday it will own you.
LONDON, Oct 9 - The American whiskey market may be back on a roll. The industry which produces Jack Daniel's and Jim Beam is seeing sales flatten in its domestic market but overseas business is booming and driving overall growth.Identify successful companies or market segments.These two top brands already have half or more of their sales overseas and are dragging the rest towards export markets such as Western Europe and Australia where annual sales volume growth has averaged nearly 6 percent over the last 10 years.
Both compete head on with other Scotch, Irish and Canadian whiskies, but have done well as Brown-Forman Corp's (BFb.N) Jack Daniel's became the world's largest selling single whisky brand four years ago overtaking Diageo's (DGE.L) Johnnie Walker Red.
"Worldwide American whiskey has the opportunity to be the fastest growing in overseas markets. One of its advantages is its mixability compared to scotch whisky," said Brown-Forman's Chief Executive Officer Paul Varga.
U.S. whiskeys see fastest growth abroad, Reuters, October 9, 2009.
I never knew such a group existed.
There's a CBC I'm in favor of.
bourbon pingy...