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S&P Cuts US Credit Rating to AA+
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<blockquote data-quote="Babagounj" data-source="post: 864341" data-attributes="member: 12952"><p>Since you wish to chat about overseas taxes , please explain why the US gov't double taxes foreign profits if the US company attempts to bring that money back into the USA ?</p><p>Oh, You didn"t know ?</p><p>First the Us Co. pays the foreign gov't taxes then the US gov't also taxes those same profits again.</p><p>Could that be why the big Three auto makers failed ? Yet their overseas operations are profitable ?</p></blockquote><p></p>
[QUOTE="Babagounj, post: 864341, member: 12952"] Since you wish to chat about overseas taxes , please explain why the US gov't double taxes foreign profits if the US company attempts to bring that money back into the USA ? Oh, You didn"t know ? First the Us Co. pays the foreign gov't taxes then the US gov't also taxes those same profits again. Could that be why the big Three auto makers failed ? Yet their overseas operations are profitable ? [/QUOTE]
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