No more Twinkies - Hostess out of business

[cal828]

Originally Posted by Rupert Pupkin

I wouldn't call it a tax break. Companies are currently allowed to deduct the cost of moving. If the law was changed so that a company could not deduct the cost of moving overseas, that wouldn't stop anyone from moving. The cost of moving is negligible.

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.