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Originally Posted by kmfarm
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That article really shed some light on this subject for me... thanks for sharing it.
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while the Obama proposals would preserve expense deductions related to research and experimentation costs, the overall deduction limits for companies that defer tax on foreign profits would raise the cost of employing U.S. workers. Fiduciary responsibility to shareholders would require Microsoft to cut costs, he said, meaning many jobs would be moved out of the country.
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That's just one of many major companies that will be forced to go that route... scary thought!
