Linked by Thom Holwerda on Wed 11th Apr 2012 22:23 UTC
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Member since:
2011-02-01
Google can offset motorola's previous two year's losses against its own profits. This means it can earn more tax free in the US this year rather than pretending these earnings are made overseas in a tax-haven. Effectively it allows them to bring back money in to the US while avoiding capital gains tax.