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You should know that these companies are just making money and not paying taxes on it, they are making money and leaving it off shore. Should they ever need to
by aarondf 13y ago
You should know that these companies are just making money and not paying taxes on it, they are making money and leaving it off shore. Should they ever need to bring it back to the US, they would pay tax on it as repatriated earnings. It's not like they are saying "Hey! We earned all this in Bermuda!" and then bringing the cash to America. It actually has to _stay_ out of the US (unless there is a repatriation holiday).
Source: my schooling. (CPA in Texas).
Repatriation holiday: http://thinkprogress.org/economy/2011/05/14/173951/repatriation-flashback/?mobile=nc http://thinkprogress.org/economy/2011/05/14/173951/repatriat...