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Taxation & Estate Planning

: TaxProf Blog

NY Times: Profits Surge, Jobs Don't

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New York Times, Industries Find Surging Profits in Deeper Cuts: Many companies are focusing on cost-cutting to keep profits growing, but the benefits are mostly going to shareholders instead of the broader economy, as management conserves cash rather than bolstering hiring and production. ... As companies this month report earnings...

Full post as published by TaxProf Blog on July 27, 2010 (boomark / email).

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