$1 trillion in off-shore US corporate accounts
source: http://www.examiner.com/international-trade-in-national/obama-wants-to-repatriate-us-corpora...
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- NickDoms
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http://www.examiner.com/international-trade-in-national/obama-wants-t...
The Obama administration wants US companies to repatriate their foreign profits and impose the current 35% tax rate in an attempt to bring back outsourced jobs to the US and decrease the high unemployment rate.http://www.examiner.com/international-trade-in-national/obama-wants-to-repatriat...
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NickDoms
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Off-shore corporate accounts are not illegal. They are operating accounts for foreign revenue streams derived from local sales where the US company operates.
US companies do not repatriate their revenue because of the high US corporate tax rate and because of the double taxation issue.
Best regards,
Nick Doms - 2 years ago
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NickDoms
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iamaman
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thats friggin communist!
- 2 years ago
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iamaman
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toyotabedzrock
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Figures, the wealthy are always the trying to cheat on taxes.
- 2 years ago
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toyotabedzrock
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Conniepae
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Isn't 'off shore' US corporate accounts illegal? If not, why not?
- 2 years ago
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Conniepae
