| Debt and the Profitability of Foreign-Controlled Domestic Corporations in the United States Contributor(s): Grubert, Harry (Author) |
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ISBN: 1505389879 ISBN-13: 9781505389876 Publisher: Createspace Independent Publishing Platform OUR PRICE: $15.19 Product Type: Paperback Published: January 2015 |
| Additional Information |
| BISAC Categories: - Reference |
| Physical Information: 0.07" H x 8.5" W x 11" (0.24 lbs) 36 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: U.S. corporations controlled by foreigners continue to report lower net income in relation to total receipts than comparable domestically-controlled corporations. But the 2004 tax return data show that, in manufacturing and the entire nonfinancial sector, the discrepancy disappears when using a measure of operating income that focuses on the corporations' activities in the United States. To determine operating income, dividends, interest and royalties are subtracted from net income and interest paid, depreciation, amortization, and depletion are added back to net income. Domestically-controlled corporations receive much greater dividend and royalty income, mainly from their subsidiaries abroad. |