Wave Systems Corp. (fka WAVXQ)

[scorpio_esq]

the income tax implications are usually the reason multi-jurisdictional corporations will assign performance of a contract to a foreign affiliate or subsidiary. unless you have a morbid fascination for the discipline of foreign tax planning and allocation, this is not a matter that you should stay up at nihjt worrying about. if it is, then see an international corporate tax attorney or accountant.