Go figure
When the tax code encourages investment overseas, why are people shocked to learn that companies are, well, investing overseas?
Last week, Sen. John F. Kerry (Mass.), the likely Democratic nominee for president, made such lucrative income-tax deferrals a focal point of his campaign, asserting that they are driving companies to expand abroad. Merck’s numbers appear to back that up, and so do those of several other big U.S. companies.
By the way, we can probably stop calling him the likely Democratic nominee for president.
April 3rd, 2004 at 1:40 pm
The media has to be careful to *not* jump to conclusions.
That’s why they call Hamas a “militant” organization, because it may shake out that wrapping dynamite about children and sending them to blow up Pizza Huts and school buses might be considered a legitimate military tactic.
And who knows? Kerry might end up being indicted for conspiracy to lill a bunch of U.S. Senators …