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. KennedyFirst I believe that this Nation should commit itself to achieving the goal, before this decade is out, of landing a man on the Moon.
John F. KennedyWe stand today on the edge of a new frontier - the frontier of the 1960's - a frontier of unknown opportunities and perils - a frontier of unfulfilled hopes and threats.
John F. Kennedy