http://www.fireandreamitchell.com/2009/05/04/the-war-on-corporate-america-by-obama-continues-obama-plans-corporate-tax-crackdowns/ Exposing the Andrea Mitchell bias and Media bias in America! - This site is NOT politically correct! Terrorists are actually called terrorists! Fri, 10 Feb 2012 04:26:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.fireandreamitchell.com/2009/05/04/the-war-on-corporate-america-by-obama-continues-obama-plans-corporate-tax-crackdowns/comment-page-1/#comment-3521 King Tue, 05 May 2009 05:26:30 +0000 http://www.fireandreamitchell.com/?p=4311#comment-3521 If these companies did spinoff their foreign operations it would still increase tax revenues for the U.S. as currently companies are able to use domestic money on foreign expenses, this allows for lower profits in the U.S. and higher profits in tax havens. If spun-off these foreign companies would need to pay for all their own expenses as they would no longer part of the American company. This would increase revenues in the domestic parent company and the spun-off companies would see a decrease in profit. Thus these companies would then pay more tax in the U.S. If these companies did spinoff their foreign operations it would still increase tax revenues for the U.S. as currently companies are able to use domestic money on foreign expenses, this allows for lower profits in the U.S. and higher profits in tax havens. If spun-off these foreign companies would need to pay for all their own expenses as they would no longer part of the American company. This would increase revenues in the domestic parent company and the spun-off companies would see a decrease in profit. Thus these companies would then pay more tax in the U.S.

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