Cougar...
Am I the only person getting annoyed with your posts? Why do you say that the CFO's of GE and Xerox need to take some of those accounting classes? I personally think you need to stop posting and actually go back to school, as I've yet to see the reason for your posts.
You first claimed that no MNC company just keeps money in foreign lands to avoid paying U.S. taxes. I think the CFO article in your last post showed very clearly that is true. Dell doesn't have any reason to repatriate billions of dollars to the U.S. since they prefer to invest in high growth emerging markets (foreign lands) vs. slower-growth U.S.. (Note: MNC's spend billions of dollars on tax consulting projects/fee's to reduce or keep their effective tax rates as low as they legally can.)
Also, on the other hand, repatriation makes complete sense for a PFE because they have billions of dollars in earnings that they want to invest in the U.S. (partnerships, acquisitions, research centers, etc.) and they can do that at a reduced tax rate. Its a no-brainer for PFE.
Last, I never said it made sense for all MNC's to repatriate foreign earnings. It only makes sense for MNC's to repatriate the amount of earnings they plan to invest in the U.S..
Take care and good luck,
10nis
