But then we also have tax rates. And Mr. Koch, you talked about, and I thought it was a very powerful figure, that For every dollar profit under US ownership, you get to keep 62 cents. Under foreign ownership you'd keep 72 cents. So that's a combination though of not only territorial system, but also tax rates. Correct. For us, we keep everything simple. We report every dollar of income in the United States. (01:18–01:27)
CLAIM
Asserts that U.S. ownership retains 62 cents per dollar profit, while foreign ownership retains 72 cents.
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