Quote:
Originally Posted by Locke
I'm not familiar with the US rates, but I should caveat that with the fact that obviously there are credits and abatements and various other things, thats the stated rate not the effective rate.
You're always going to have problems with corporations not directly re-investing their profits, its about trying to achieve a balance.
|
Yeah, I completely agree. I still don't think 12% is too high, especially in an industry that receives a tremendous amount of subsidies from the feds.