3 ms·
Why do you think they put it overseas in the first place? They've planned to take it back under these terms all along. They're betting on a tax holiday at some
by lawnchair_larry 15y ago
Why do you think they put it overseas in the first place? They've planned to take it back under these terms all along. They're betting on a tax holiday at some point. Exactly what they did in 2004.
Give them this one, and rest assured, every company will take this bet and let the cash sit and rot until they can bring it back again.
The backstory, and why this is a terrible idea:
http://www.rollingstone.com/politics/blogs/taibblog/evil-corporate-tax-holiday-gains-bipartisan-support-20110726 http://www.rollingstone.com/politics/blogs/taibblog/evil-cor...