Sleazy tech companies avoid US tax, then expect a tax holiday to repatriate money.

Simple fix to the perceived problem: stop taxing corporations.

John

----------------------------------------------------------------------------------------------

But if we did that our exports would be cheaper and we would have to hire more people to build them. Mikek

----------------------------------------------------------------------------------------------

Oh. Good point.

Never mind.

John

----------------------------------------------------------------------------------------------

This is "Export from China" right ??

hamilton

--=AD--------------------

Exactly.

Cisco screwed up. They should have incorporated overseas. That way, their cash would be where their HQ is. And the best markets and sales growth (think about all the networking h/w China alone needs).

They can still raise capital from US investors (I own quite a bit of foreign stock). They can build plants in the USA and hire American workers as subsidiary companies to avoid unitary taxes. And they can still distribute dividends to US investors (and without that annoying double taxation problem).

Face it. The USA is a crappy place to do business. Its a great place to sell stuff. But you want your money out of here just as fast as possible.

Only a stupid tea bagger or libertarian would think this is a good idea.

----------------------------------------------------------------------------------------------

All told, Cisco has accumulated $31.6 billion in overseas earnings on which it has paid no U.S. income taxes yet, records show -- part of more than $1 trillion in U.S. companies? offshore profits, according to data compiled by Bloomberg. In total, almost 90 percent of Cisco?s cash sits overseas.

?I create jobs overseas,? Chambers told interviewer Lesley Stahl on the CBS News program ?60 Minutes? in March. ?I build plants overseas and I badly want to bring that money back.?

The company needs that cash to prop up its share price -- which explains its support for the tax break, said Sandeep Shyamsukha, a communications analyst at Auriga USA LLC in San Francisco. Since 2006, Cisco has spent $43.5 billion on stock buy-backs. In April, it paid its first shareholder dividend.

--------------------

Na... It's only confusing to you because you simply do not understand that businesses are there to make money. Just like you have to breath are to survive, businesses have to make money or they perish.

When the libturd obonker nation thinks that businesses the free ride they need for all their social programs it simply causes those businesses to move elsewhere where they can do what they need to do to survive. It's called evolution and as much as libturds claim to be on the side of evolution they never apply it to reality. It's only used as a bludgeon against christians.

BTW, believe it or not, America is not a true capitalistic society. It is more socialist and communist than capitalist. This is why you have such confusion with American "Capitalism". Capitalism cannot work when forced to be subservient to socialist tenants. It results contradictory behavior that has no solution. Basically we are trying to force capitalism to do X and Y and X and Y are mutually contradictory. So sure "Capitalism" is going to have issues... But the issues steam from the socialist constraints put on it by libturds like yourself.

to

at

What about socialist landlords? Are those OK?

it

You've got that right, you've got a steaming something there.

Define "socialist landlord".