Obama making good on changing tax law

[NOTTHOR]

to punish US companies funding overseas operations. I wonder if he understands that it would Johnson & Johnson, McDonald's or Coca Cola all of 10 minutes to reincorporate the parent holding company in the Caymans. I still just don't get the leftist idea behind why if a corporation is incorporated in the US, every subsidiary that operates overseas should be subject to foreign tax and domestic tax.

news.yahoo.com/s/nm/20090504/pl_nm/us_obama_economy_taxes

[thunderhawk]

May 4, 2009 8:08:18 GMT -6 NOTTHOR said:

to punish US companies funding overseas operations. I wonder if he understands that it would Johnson & Johnson, McDonald's or Coca Cola all of 10 minutes to reincorporate the parent holding company in the Caymans. I still just don't get the leftist idea behind why if a corporation is incorporated in the US, every subsidiary that operates overseas should be subject to foreign tax and domestic tax.

news.yahoo.com/s/nm/20090504/pl_nm/us_obama_economy_taxes

Because they all benefit from the power of the United States military.