American companies no longer

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"In fact, many quintessentially American brands are no longer American-owned at all. From Ben and Jerry's to IBM and Holiday Inn, overseas investors have played a big part in keeping these companies moving forward. Without them stepping in, some of them may have ceased to exist altogether."

126 examples. Sad. :(
 
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Montelores

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Oct 29, 2009
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Smart investors deploy their assets to the places that will most benefit them.

For some foreign investors, that might include company purchases in America.

Why would we discourage that?

Isn't that better than outright theft of our intellectual property, by countries such as China?

Are popsicles considered "strategic assets?"

;)

Monty

P. S. Maybe we should be trying more diligently to keep American corporations' profits and investments in the U.S.

Before the Tax Cuts and Jobs Act, foreign profits of U.S. multinational enterprises (MNEs) were subject to U.S. taxes, but only when repatriated. This system incentivized firms to keep profits abroad, and, by the end of 2017, U.S. MNEs had accumulated approximately $1 trillion in cash abroad, held mostly in U.S. fixed-income securities.2Under the TCJA, the United States shifted to a quasi-territorial tax system in which profits are taxed only where they are earned (subject to minimum taxes); henceforth, U.S. MNEs' foreign profits will therefore no longer be subject to U.S. taxes when repatriated. As a transition to this new tax system, the TCJA imposed a one-time tax (payable over eight years) on the existing stock of offshore holdings regardless of whether the funds are repatriated, thus eliminating the tax incentive to keep cash abroad.


 

Diabloman

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Buy American!
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