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Do US tax american businesses in foreign countries?

 
 
Reply Sun 1 Jan, 2012 09:00 pm
Let say if In-and-out burgers opened up a firm in China. The company earns a profit in China. Is that profit taxed in the US?

Also, In-and-out-burgers when they start their over sea expansion in China. Do they issue IPO in the domestic stock exchange?
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Type: Question • Score: 0 • Views: 1,851 • Replies: 5
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RABEL222
 
  1  
Reply Mon 2 Jan, 2012 09:46 pm
Dont know.
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Mame
 
  1  
Reply Mon 2 Jan, 2012 10:06 pm
And don't care. You are like JGoldman with all these Asian-US posts. You're free to do what you want, but I wish you'd cut it out.
TuringEquivalent
 
  1  
Reply Tue 3 Jan, 2012 07:45 am
@Mame,
Mame wrote:

And don't care. You are like JGoldman with all these Asian-US posts. You're free to do what you want, but I wish you'd cut it out.


That 's pretty stupid. So you said you don 't care, but you expect me to "cut it out". Don 't you know the secret word? Please.
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RABEL222
 
  1  
Reply Tue 3 Jan, 2012 10:25 am
On second thought I doubt it. Big business wouldent like it. They probebly get a tax break for moving business out of the U.S..
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anneyours224
 
  1  
Reply Thu 11 Oct, 2012 12:34 am
Well there might be a little tax imposed on them but I don't know how much.
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