Tuesday, March 12, 2013

Big Obama supporters find ways to avoid taxes

U.S.-based nonfinancial companies are parking record amounts of cash abroad, thanks largely to a tax code that encourages them to indefinitely keep profits from their foreign subsidiaries outside of the country.

The cost of doing this is prohibitive for smaller companies—the ones who don’t support Obama.

GE, Apple, Microsoft, etc. often support tax increases and more regulations.  It helps them by keeping others down.


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