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  • "Here's a novel way to drive up a company’s share price," writes the NYT's Jeff Sommer. "Pay billions of dollars in additional taxes." Forensic accountant Robert Olstein reckons that companies such as Apple (AAPL), Microsoft (MSFT) and Cisco (CSCO) should repatriate the tens of billions dollars they hold abroad, pay tax on it, and then use the rest of the cash to repurchase stock. That would boost their share prices by at least 20%.  [View news story]
    I agree with Timothy Phillips. Paying a U.S. tax on repatriated earnings to facilitate a shareholder distribution does not make good business sense. I too agree that a tax holiday will be coming in the future.
    Mar 24, 2013. 10:46 AM | Likes Like |Link to Comment
  • The outlook for MLPs is rosy, according to Elvira Scotto, a director at RBC. In a report on the sector published by The Wall Street Transcript, Scotto says that thanks to low interest rates, MLPs have ready access to capital and can thus easily fund growth. This is good news for yield-starved investors as MLPs offer handsome payouts. Previously: MLPs will outperform even if rates rise.  [View news story]
    Due to the gridlock circus that we have in Washington, I would game the chances of tax reform during the next 4 years as a very small tail risk.
    Mar 21, 2013. 10:37 PM | 1 Like Like |Link to Comment
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