ST Alpha - "I think lowering it to 15% or so is probably right. " (Reading a Post)

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I think lowering it to 15% or so is probably right.

Posted by pmb (aka pmb) Oct 19 '11, 14:26

Companies are finding ways to keep profits overseas whether or not they're operating here. Holding their IP overseas and then licensing them to the US company for a significant cost to keep the profits over there, etc. You would know this better than me, but there was a good 60 Minutes piece about this recently.

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[deleted] 6
- In the 60 Minutes piece it went to towns in Switzerland and Ireland where major US companies are "organized" to avoid US taxes. - pmb Oct 19, 14:32 5
  - [deleted] 4
    - Probably not, but I think we're cutting off our nose to spite our face on this one. - pmb Oct 19, 14:36 3
      - [deleted] 1
        
        Agreed. But when you see GE paying $0 in federal income taxes, this is a big reason why. I suspect that we're leaving a huge amount on the table. - pmb Oct 19, 14:49
      - except, it's not 35% of nothing. -- nm - znufrii Oct 19, 14:38

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I think lowering it to 15% or so is probably right.

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