The transfer overseas of these kinds of rights rights has enabled Google to attribute earnings to foreign units that pay lower taxes, Bloomberg News reported a year ago.
Even the Obama administration has conceded that U.S. corporate taxes may be too high, and while the U.S. theoretically taxes global profits that policy is easily evaded by setting up wholly owned, but legally separate, foreign units.
FORBES: Tax Case Asks Whether IRS Flip-Flopped On Key Position
There will be money points, bank officers with mobile money disbursing units and foreign exchange points around the city.
Even if annual unit sales stay around 16 million units, foreign manufacturers are adding too much capacity in spanking-new non-union plants.
Apple and other U.S. corporations have piled up tens of billions of dollars in foreign profits in those units that they are loathe to bring home and subject to U.S. taxes.
FORBES: Tax Case Asks Whether IRS Flip-Flopped On Key Position
Both banks hope to raise capital from foreign investors for the new units, in return for giving them a portion of their business in these distressed assets.
ECONOMIST: A curious proposal by one of Japan's biggest banks
Japanese individuals invest in foreign government bonds and currencies in investment trust units known as Toshin funds.
This is only the third year most foreign banks have disclosed details of the performance of their China units.
Sales and prices have recovered over the last two years, buoyed by interest from foreign buyers, many of whom use cash to purchase the units, according to Condo Vultures LLC.
United Technologies posted second quarter earnings before the bell on Wednesday, seeing net income jump 19% on organic growth in all six of its business units as well as a substantial favorable impact of foreign currency translation given the weak U.S. dollar.
FORBES: United Technologies Gains From A Weak Dollar, Organic Growth: Profit Up 19%
Nevertheless, the mod-happy firm is offering it up to anyone interested, and while we doubt these folks are actually selling US units, you can hit the read link for all the foreign details if you're so inclined.
ENGADGET: Divineo offers up LCD-infused Xbox 360, practicality in doubt
As is often the case in foreign-corruption probes by the FBI, investigators are trying to establish whether any overseas units of News Corp. engaged in corrupt acts or bribery, and, if so, whether those acts were part of a pattern of corruption that reached across countries and business units, people familiar with the investigation said.
WSJ: FBI Probing News Corp.'s Former Billboard Unit in Russia
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