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have been artificially inflated in the past 2 years by a temporary provision which taxed at a much lower rate repatriated profits. A number of US corporates have taken advantage of this clause to bring back significant amounts of money form their foreign subsidiaries - even taxed at the lower rate, this has boosted corporate tax massively.

This will not be repeated in future years.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Oct 8th, 2006 at 04:38:49 PM EST
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