Cisco Wants Tax Repatriation Holiday In Exchange for Creating Jobs, But Now is Massively Laying Off Employees

We wrote six days ago about tax-light mega corporations like Google petitioning Congress for a tax repatriation holiday.   The tax repatriation holiday is to allow cash flush companies holding tons of wealth offshore (to avoid US taxation) to bring some of that money back and pay a very low preferred tax rate on such.


Gotta love those "job creators".

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