Friday, September 5, 2014

US Subsidiaries Of Foreign Based Companies Have Higher Effective US Tax Rates Than US Based Companies

From the Tax Foundation, "IRS Data Contradicts Kleinbard’s Warnings of Earnings Stripping from Inversions" by Scott A. Hodge:
... IRS data actually shows that the U.S. subsidiaries of foreign-based companies have smaller interest deductions relative to their total receipts than do American-headquartered firms and, interestingly, they have higher effective tax rates than their domestic counterparts.
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Effective Tax Rates of Domestic Versus Foreign Owned Corporations
Source: Tax Foundation

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