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DewDiligence

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DewDiligence

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Re: old man post# 528

Thursday, 12/17/2009 4:29:17 PM

Thursday, December 17, 2009 4:29:17 PM

Post# of 30493

Does the US currently tax profits from foreign operations? Your post wasn't clear.

Only when the money is repatriated. Thus, multinationals can defer US income tax on foreign profits indefinitely—provided that they have a sensible use for the cash abroad.


“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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