Quote:
Originally Posted by Pequaman
When did MSFT recently issue stock? I think you mean issued bonds.
I think Obama & his team should consider another 1-yr window on repatriating profits back into the US (tax-free or very low tax 5%) ... similar to the American Jobs Creation Act of 2004.
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Yeah, bonds - sry... I was just reading how much stock is getting dumped by insiders with MSFT topping the list of late. MSFT stock is getting sold like a fire sale lately.
The bonds are a perfect example of a company notorious for a business model not based on debt, taking on debt to fund itself when it easily has the "cash" - they just don't want to repatriate it back to the US.
Microsoft Sells $4.75 Billion of Debt in Four-Part Offering - Bloomberg
The Ireland mess is going to make things interesting when their corporate tax rate is forced more in line with the rest of the world. What happens when these giant multinationals lose a major tax shelter?
How Google's Refusal To Pay US Taxes Means US Taxpayers Fund Its Innovation, Resulting In A Benefit Of $100/Share | zero hedge
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