ST Alpha - "In some cases that's true and you're not going to change that, but that's a different issue. " (Reading a Post)

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In some cases that's true and you're not going to change that, but that's a different issue.

Posted by pmb (aka pmb) Apr 13 '11, 16:23

You should check out the 60 minutes piece. Lots of corporations setting up "headquarters" in Switzerland and Ireland just to obtain the tax rates there. There are no operations there. It's not about labor costs. It's just about keeping the money offshore.

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[deleted] 2
- It does to some degree. But we've all seen it. How many hedge funds are organized in the Caymans or elsewhere. Obviously you're the tax lawyer, not - pmb Apr 13, 16:26 1
  - [deleted]

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In some cases that's true and you're not going to change that, but that's a different issue.

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