"Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30.... And well below the 25.6% companies paid on average from 1987 to 2008."
Now, when we're talking about seriously profitable companies I don't deny there are tax breaks to be had, some easy, but does anyone think these companies are better off focusing more on financial engineering or software and electrical engineering?
You might compare the parking of cash offshore to Microsoft's buying a $100K Treasury instrument whenever they had too much cash on hand, as their first CFO was horrified, amazed and delighted to discover.
ADDED: is this double taxation? In another HN item on this, it was commented that this parked money has already been subject to local taxes: https://news.ycombinator.com/item?id=6321925
I know we do that with personal income taxes, absent a tax treaty with the other nation.
"Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30.... And well below the 25.6% companies paid on average from 1987 to 2008."
I wonder just what happened starting in early Federal FY 2009, which started on October 1, 2008. Perhaps this: https://en.wikipedia.org/wiki/Great_Recession?
Now, when we're talking about seriously profitable companies I don't deny there are tax breaks to be had, some easy, but does anyone think these companies are better off focusing more on financial engineering or software and electrical engineering?
You might compare the parking of cash offshore to Microsoft's buying a $100K Treasury instrument whenever they had too much cash on hand, as their first CFO was horrified, amazed and delighted to discover.
ADDED: is this double taxation? In another HN item on this, it was commented that this parked money has already been subject to local taxes: https://news.ycombinator.com/item?id=6321925
I know we do that with personal income taxes, absent a tax treaty with the other nation.