No more Twinkies - Hostess out of business

[jms62]

Originally Posted by cal828

Probably so. I don't imagine that they have to set up much of a corporate headquarters in other countries. Negligible or not, the cost to the treasury of the US is not negligible, but don't get me wrong, if corporate taxes in the US are onerous, I think they should be lowered.

http://www.nytimes.com/2012/04/29/bu...pagewanted=all

Here is another interesting article from the New York Times. Sounds like a bit of shell game. All perfectly legal of course.

If you tax rate was 50% but they gave you write offs to reduce it to a point that you get a refund then what is your tax rate? Do other countries with low tax rates also allow the practice of write offs?