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Maybe it's invested in China. Maybe it's run through 10 mutual funds on the way to becoming 10 cents on the dollar in terms of salary. "The cash probably goes
by jbooth 15y ago
Maybe it's invested in China. Maybe it's run through 10 mutual funds on the way to becoming 10 cents on the dollar in terms of salary.
"The cash probably goes somewhere" isn't that convincing. I'm not saying that companies should hire with extra cash if they don't need the employees. That would be a bad business decision. I'm just saying that "cash sitting on the sidelines = probably employment somewhere" isn't a great justification for them paying less taxes than I do. I work too, you know.