Cooper Industries Redomesticating To Ireland, Out Of S&P 500 Index

By: Disciplined Approach to Investing Sunday, August 30, 2009 1:02 PM

Article Author

Bio and Articles
Author's Website

Vote for next session

The next market session will close:

Cooper Industries (CBE) is being removed fro mthe S&P 500 Index after the close of trading on September 8th. S&P Midcap 400 constiuent, Airgas (ARG), will replace Cooper.

Source: Standard & Poor's (PDF)

CBE becomes another of what is becoming a longer list of U.S. firms that are changing their domicile to more tax friendly foreign countries. As I noted in an earlier post in July, S&P 500 Companies Increase Foreign Sales and Foreign Taxes Paid, many multinational U.S. companies are increasingly paying higher foreign taxes due to a company generating more sales outside the U.S. With Congress wanting to institute higher taxes on U.S. firms, many are changing their domicile. The additional taxes proposed for U.S. companies is on top of the U.S. already having some of the highest tax rates compared to other countries around the world.

Bookmark:
Email
Print

The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.

Popular Articles

Related Press Releases

Partner Center

Recent Articles by Disciplined Approach to Investing

More Articles by: Disciplined Approach to Investing
More Articles on: Basic Materials , Index , Industrial Products
Research Related Stocks: ARG, CBE,

Subscribe to Email Alerts

or RSS feeds

for articles from more than 500 contributors, press releases, SEC filings and full text news from more than four thousand sources.

Related Stories