Whether the tax code's treatment of overseas earnings should be revised to level the playing field between American companies and foreign competitors is worth debating.
The company said its overseas earnings for the year increased 44.3 percent, to $2.77 billion, also because of higher oil and natural gas prices.
The improvement reflected a big jump in the overseas earnings of United States companies.
You must be able to show that your business has achieved substantial growth in overseas earnings and in commercial success.
It eventually grossed $9,264,208 in overseas earnings, bringing its worldwide total to $11,091,868.
Will my right hon. Friend acknowledge the importance of the popular music industry and its contribution to overseas earnings?
Thus between 1966 and 1976 net overseas earnings rose on average by 5.3 times as against 2.3 times for manufacturing.
In the second quarter of 1986, Ford's overseas earnings were just $286 million.
But analysts said the stronger dollar could depress the companies' overseas earnings later this year.
The main area subject to change is the taxation of multinational companies on overseas earnings.