Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Point taken.  I have read contradictory reports on this - on the one hand that US Governments are taxed on their oversees earnings - but then it hardly makes them to locate in "low tax" locations if they are going to be taxed on the difference anyway.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Feb 11th, 2011 at 12:23:01 PM EST
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