4 ms·
This is a fair point. But why would a company spirit the money away if there wasn't corporate tax? Wouldn't it be wiser to let it sit in country that doesn't
by polyfractal 14y ago
This is a fair point. But why would a company spirit the money away if there wasn't corporate tax? Wouldn't it be wiser to let it sit in country that doesn't tax it?
- Nursie 14y agoI honestly have no idea, but if the company is owned abroad by a company listed on a stock exchange in that foreign country, by institutional stockholders also in that country, one would assume that they'd be trying to move some proportion of it back 'home', if there is such a place. I'll freely admit my knowledge of corporate finance falls apart somewhere around here.
- polyfractal 14y agoThat makes sense. I flounder when it comes to money moving across borders, not something that I have a solid grasp on.