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andrewflying

12/08/17 11:13 AM

#125561 RE: snow #125560

The company is supposed to pay.
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Lucky Loser

12/08/17 11:14 AM

#125563 RE: snow #125560

From what I gathered, SIAF.

From what he said, any money repatriated to the US (which is true for any profit distribution) is taxable at the corporate rate.

By keeping money offshore, SIAF has been able to forego tax in the US.

It's when profits are brought back (and then distributed) that tax is owed.