Conservatism is calling

[The Radium King]

Well said !!! My company is now operating on "Plan B". And it will stay there for a few years to come. No more hiring or expansion.

Sorry Southern, Plan A included an off shore account. Back in 1992 Thank you.

actions like that, then you try to blame obama for the recession?

[mikehkang]

If I have an overseas stock account and if I have a profit, I'll have to pay U.S. income tax on the profit after I pay the local tax for the profit. (The local tax I paid will reduce the U.S. tax by that much.) This is the law, right?

Why/how is it that a U.S. company can keep its profit overseas WITHOUT paying U.S. corporate tax on its profit?

Can we change the law so that ANY company doing business in U.S. must pay U.S. corporate tax based on the "global" profit? Otherwise, you can't do business here.

What am I missing?

[milliemax]

Originally Posted by The Radium King

Well said !!! My company is now operating on "Plan B". And it will stay there for a few years to come. No more hiring or expansion.

Sorry Southern, Plan A included an off shore account. Back in 1992 Thank you.

actions like that, then you try to blame obama for the recession?

I missed this so I will respond. I do not blame Obama for the recession because he is just a "Foolish Puppet". What I do blame is all the "fools " that put the puppet in office. What scares me the most is we can survive Obama , but not the "Fools", as there are now many.