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Description:    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:  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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