HDRKID
Senior Member
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- 2,585
Medtronics is escaping IRS now. They will move to Ireland and where companies pay 12.5% tax instead of 35% which is roughly 1/3 and a lot less worries. Rich people have told my dad they they do not feel safe any more. Expect a lot of firms to shut down and others to move over seas. Basically, this means less jobs for us. Already, companies have moved production to asia. India has a lot of back office out sourcing. Headquarters are going to europe.
Medical device giant escapes the IRS- MSN Money
Medical device giant escapes the IRS- MSN Money