In those countries where income taxes are lower than in the United States, the ability to defer the payment of U.S. tax by retaining income in the subsidiary companies provides a tax advantage for companies operating through overseas subsidiaries that is not available to companies operating solely in the United States. Many American investors properly made use of this deferral in the conduct of their foreign investment.
John F. KennedyI don't think the intelligence reports are all that hot. Some days I get more out of the New York Times.
John F. KennedyAs far as the job of President goes, its rewarding and I've given before this group the definition of happiness for the Greeks. I'll define it again: the full use of your powers along lines of excellence. I find, therefore, that the Presidency provides some happiness.
John F. KennedyThere has also been a change - a slippage - in our intellectual and moral strength. Seven lean years of drouth and famine have withered a field of ideas.
John F. Kennedy