Business Services Industry
Tax break brings profits home, but jobs still a question.(tax benefit)
Crain's Detroit Business, March, 2005
Byline: Katie Merx A one-time corporate tax break designed to encourage U.S. companies to bring foreign profits home is working, but financial experts are skeptical that the job creation the act intended will occur. Jackson-based CMS Energy Corp. is one of the first Michigan companies to announce specific plans to take advantage of the American Jobs Creation Act of 2004's repatriation tax benefit.
The tax benefit allows U.S. multinational corporations to divest income and investments from foreign holdings and reinvest them in U.S. holdings at a U.S. tax rate significantly lower than the standard tax rate applied to such financial shifts in an effort to encourage corporations to invest more money in U.S. operations and jobs. Spurred by the one-year tax...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
