Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Debt and the Profitability of Foreign-Controlled Domestic Corporations in the United States

Debt and the Profitability of Foreign-Controlled Domestic Corporations in the United States

Grubert, Harry

Paperback

General Reference

ISBN10: 1505389879
ISBN13: 9781505389876
Publisher: Createspace
Published: Jan 1 2015
Pages: 36
Weight: 0.24
Height: 0.07 Width: 8.50 Depth: 11.00
Language: English
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.

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