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The article goes on to criticize American tech companies for not moving overseas funds here; this after they are being criticized for buying Government debt wit
by julespitt 13y ago
The article goes on to criticize American tech companies for not moving overseas funds here; this after they are being criticized for buying Government debt with the money they already have here.
I am at a loss.
- wmf 13y agoThe article hypothesizes that they are buying treasuries with their foreign cash.
- seanmcdirmid 13y agoNote that much of that foreign cash has already been taxed locally, so companies are weary to move it back to the states, especially if they can use it in the country where it was already taxed, or in other countries where it would be counted as foreign investment capital rather than income. Taxes are freaking confusing with a lot of tax-twice situations, and I don't really blame companies for not wanting to pay taxes twice.