Monday, March 9, 2015

U.S. Companies Stashing a Trillions Out of a Country to Avoid Taxes

Here  Seems pretty shady. Sure profits are good. But heaping piles of untaxed cash out of the country, while we struggle to adequately provide excellent public schools, road and bridge maintenance, well-trained  law enforcement, environmentally degraded community clean-ups, etc. is pretty unsightly.
There should be some pride and repatriating that money, and the improvement the tax revenue will bring to America.

"The president met March 2 with the chief executive officers of Xerox Corp., Micron Technology Inc., Qualcomm, IBM and EMC Corp., which have a combined $114 billion in accumulated offshore profits.
“The president and the executives also discussed a shared desire to work with Congress to enact pro-growth, business tax reform,” the White House said in a statement.

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