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Depressing. How would you even know these were foreign companies?
I paid a lot extra to get Firestone tires on my tractor because I wanted USA.
This is really depressing.
Of Course they do pay taxes. As the matter of fact, there are 100s of foreign corporations
like Sanofi from France, Nestle from Switzerland, BASF, BMW, Bayer, Siemans, VW, Turner Construction from Germany, this is just a small list.
Unlike General Electric, these companies pay taxes in addition to providing jobs in the US.
By the way, Merck owned by Germans, and US government cofiscated in 1917. Skype used to own by Estonian company, and bought by Microsoft a couple of years ago.
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[BRIEFING.COM] The major averages spent the entire session in a steady downtrend, but despite persistent selling pressure, today's losses were limited in scope. The Dow, S&P 500, and Nasdaq shed between 0.2% and 0.3% while the Russell 2000 lagged, falling 0.9%.
The underperformance of the Russell 2000 was likely owed in part to tax-loss selling, which tends to pick up this time of year. Small-caps often feel that pinch in a stronger fashion than large-cap issues since individual ... More
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