Quote:
Originally Posted by Azure
http://techcrunch.com/2010/08/30/goo...ncome-housing/
No I'm not trying to trump up Google. I just find it interesting that a company with millions, or perhaps billions in the bank is doing this.
Techcruch pointed this out.
Which begs the question, if Cowperson is indeed correct, and US corporations are sitting on trillions in cash, why don't they do more stuff like this to offset federal tax liabilities?
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Because spending 100% to save 30% is a negative NPV project. A big reason why companies have record cash piles is because they are unsure of the riskiness of deploying it. They are using cash as a safety blanket. So why would you spend your safety blanket in still uncertain times?