04-14-2011, 03:26 PM
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#1763
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Franchise Player
Join Date: Aug 2005
Location: Calgary
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Quote:
Originally Posted by crazy_eoj
I've always wondered what people think corporations do with a tax cut when they allege that 'corporate tax cuts don't work'.
Almost all major corporations in Canada are publically owned, and as such shareholders will not put up with simply stockpiling cash because it's an insane waste of money. Extra cash is either distributed to shareholders (IE: pension funds, retirement funds, everyday investors) or reinvested into equipment, new projects, or more staff.
Which corporations simply hold onto extra revenue?
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I am trying really hard to think of a company that has lots of cash on hand, hmmm.
http://www.marketwatch.com/investing/stock/AAPL
http://www.businessweek.com/technolo...iting_for.html
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