The role of a CFO (and his office) is to do exactly what resulted above.
And the role of Congress and its tax committees is to take note when they've left open obviously abused loopholes and close or limit them.
This Puerto Rico scheme has been going on since well before 2009 and more companies than just Microsoft have been abusing it. The Senate Finance Committee and the Ways And Means Committee have been well aware for many years before that.
Someone here is cheating. It's not the corporations that take advantage of a loophole that is legal even though it is unfair and harmful to the nation. The cheaters are the lazy and corrupt congressmen and senators that watch it happen and read their reports every year, year after year, and can't rouse themselves to do anything about it.
Lucky for you, you get to fire some of them six weeks from now.
Comments
The role of a CFO (and his office) is to do exactly what resulted above.
And the role of Congress and its tax committees is to take note when they've left open obviously abused loopholes and close or limit them.
This Puerto Rico scheme has been going on since well before 2009 and more companies than just Microsoft have been abusing it. The Senate Finance Committee and the Ways And Means Committee have been well aware for many years before that.
Someone here is cheating. It's not the corporations that take advantage of a loophole that is legal even though it is unfair and harmful to the nation. The cheaters are the lazy and corrupt congressmen and senators that watch it happen and read their reports every year, year after year, and can't rouse themselves to do anything about it.
Lucky for you, you get to fire some of them six weeks from now.