I heard in an interview on the Charlie Rose show that the tech giant Cisco pays a 33.3% tax rate. I find this information unbelievable but refreshing.
Still, the company claims it can move more business from abroad back to America's shores if it gets some tax forgiveness.
Charlie Rose pointed out the somewhat hushed facts pointing to a trend in which companies take the money from tax relief, giving it directly to their shareholders.
American taxpayers would much prefer the companies use the money to hire more workers, invested,
unionized workers, and to invest in the company's fostering further development in our country.
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