Description:Â Â Â Cisco’s John Chambers says the 33% tax rate on foreign profits prevents companies from repatriating the money and creating jobs.
Source: CNNMoney.com – video report
Date: 01/26/2012
Link:Â http://money.cnn.com/video/news/2012/01/26/n_davos_chambers_investment.cnnmoney/
Questions for discussion:
- Where are Cisco’s profits invested in today’s global economy?
- How is this issue a business, economic, and political issue?
- Is there a way to mitigate the drain on lost profits to the U.S. economy?
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