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Big Businesses Ask For A Tax Holiday To Bring $1 Trillion Home

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Post by Quiethawk Fri Mar 25, 2011 2:34 am

http://www.huffingtonpost.com/2011/03/24/repatriation-tax-holiday_n_839976.html
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Post by Guest Fri Mar 25, 2011 8:13 am

While the fiddle plays on. Evil or Very Mad

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Post by JaneWI Fri Mar 25, 2011 8:46 am

These companies are already avoiding taxes when they repatriate their money.

Dodging Repatriation Tax Lets U.S. Companies Bring Home Cash

"What nobody’s saying publicly is that U.S. multinationals are already finding legal ways to avoid that tax. Over the years, they’ve brought cash home, tax-free, employing strategies with nicknames worthy of 1970s conspiracy thrillers -- including “the Killer B” and “the Deadly D.”"

http://www.bloomberg.com/news/2010-12-29/dodging-repatriation-tax-lets-u-s-companies-bring-home-cash.html
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