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 can't see that it's wrong to give him a little legal experience before he goes out to practice law.
John F. KennedyNo one has been barred on account of his race from fighting or dying for America, there are no white or colored signs on the foxholes or graveyards of battle.
John F. KennedyDemocracy is the superior form of government, because it is based on a respect for man as a reasonable being.
John F. KennedyOur labor unions are not narrow, self-seeking groups. They have raised wages, shortened hours, and provided supplemental benefits. Through collective bargaining and grievance procedures, they have brought justice and democracy to the shop floor.
John F. Kennedy