What are they hiding there. Seems extremely odd to me. Not looking but not hearing others doing the same.
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It’s a GOP subsidy to Wall Street. The “repatriated” money is just used for stock buybacks, just as it was when W Bush did a similar tax cut. Google also did this and also had to write it off last quarter.
satish, the idiot indian is back again.
The way I understand it, the loss is supposed to cover the tax liability of the cash that was repatriated. Might they have aggregated other stuff there, since they're already taking a "big bath"? Probably, but most firms do that. Some even pull expenses forward to make future quarters look better,
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