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NXP today: 'Practically a Chinese company'

4/30/2012 02:20 PM EDT
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wilber_xbox
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re: NXP today: 'Practically a Chinese company'
wilber_xbox   4/30/2012 5:07:28 PM
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“The only reason we are still a Dutch company is because we enjoy our tax breaks in the Netherlands.” Dutch government must be pretty happy.

junko.yoshida
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re: NXP today: 'Practically a Chinese company'
junko.yoshida   4/30/2012 5:29:34 PM
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Curiously, New York Times had a very interesting story about:"How Apple Sidesteps Billions in Taxes": http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html?pagewanted=all This story comes with a great illustrative graphics, called "Double Irish With a Dutch Sandwich" http://www.nytimes.com/interactive/2012/04/28/business/Double-Irish-With-A-Dutch-Sandwich.html?ref=business Definitely worth taking a look!

Gil Russell
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re: NXP today: 'Practically a Chinese company'
Gil Russell   4/30/2012 7:58:23 PM
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Thanks Junko. Corporate lack of community is now an issue. Wonder how many CFO's now consider it a potential lightning rod...,

Duane Benson
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re: NXP today: 'Practically a Chinese company'
Duane Benson   4/30/2012 8:09:44 PM
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I don't begrudge any company profits. Companies are in business to make money. If they don't they go out of business and any tax revenues they had generated go away too. However, I do believe in being good corporate (and private) citizens. Taking reasonable steps to reduce taxes is something everyone does and is fine, but to go to such lengths; twisting loopholes and such (Apple is far from the only company doing this) equates to not paying your fair share. If companies are squeezing salaries, off shoring jobs and sheltering profits, then they are not creating the wealth that they often use as an excuse to push loopholes to such extremes.

Zeev00
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re: NXP today: 'Practically a Chinese company'
Zeev00   4/30/2012 9:09:33 PM
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"Taking reasonable steps to reduce taxes is something everyone does and is fine, but to go to such lengths; twisting loopholes and such equates to not paying your fair share." Pray tell, could you define for us what going to "such lengths" is? And while at that, could you also define what one's "fair share" is?

docdivakar
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re: NXP today: 'Practically a Chinese company'
docdivakar   4/30/2012 9:33:51 PM
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@Junko: nice expose'! I like Mr. Clemmer's openness but I seriously doubt if he would do well as a politician... or for that matter, an Ethics Professor! How long can any corporation continue along these lines? Are they all working toward an end goal of uber profitability? MP Divakar

Frank Tu
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re: NXP today: 'Practically a Chinese company'
Frank Tu   4/30/2012 10:11:21 PM
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N X P = Netherlands eX-Patriot ? 1/3 employees in China sounds a bit high, but most chip companies these days have large eyes on China as a market. Always be wary of anyone comparing themselves to Intel. You know they're not "like Intel".

SiliconAsia
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re: NXP today: 'Practically a Chinese company'
SiliconAsia   4/30/2012 10:59:10 PM
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If NXP is indeed practically a Chinese company, when would they have practical Chinese CEO?

Mxv
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re: NXP today: 'Practically a Chinese company'
Mxv   4/30/2012 11:46:47 PM
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Thanks for letting us know, Mr. Clemmer. Now I'll lump NXP in along with all the other PLA companies I won't do business with. Don't want any products with Tibetan blood on them. That goes for Apple too. Once the rebel brand, it now represents the very totalitarian regime it once decried. Fool me once...can't be fooled again!

Mxv
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re: NXP today: 'Practically a Chinese company'
Mxv   4/30/2012 11:53:46 PM
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We are fooling our selves. The very profits these corporations are gathering are not going into hiring (at least not here). CNBC reports that corporations are planning to raise dividends or make acquisitions (mergers). We all know what happens after mergers -- L__offs. The rich just keep sticking it to the American Middle Class. Look at Greece to see what America will be in a few years: http://www.bbc.co.uk/news/world-europe-17898561

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