(Crain's) — Aon Corp.'s surprise move of its corporate headquarters to London will provide the company with tax benefits that could mean a 40-cents-a-share increase in earnings in a few years, analysts say. In addition, the company will have access to $300 million in excess cash abroad that would be subject to U.S. taxes if it attempted to move that money to the Chicago-based parent's balance... [more]
(Crain's) — Aon Corp.'s surprise move of its corporate headquarters to London will provide the company with tax benefits that could mean a 40-cents-a-share increase in earnings in a few years, analysts say.
In addition, the company will have access to $300 million in excess cash abroad that would be subject to U.S. taxes if it attempted to move that money to the Chicago-based parent's balance sheet. After the move, the company can obtain that cash without tax penalty and use it for share repurchases or other shareholder-friendly purposes.
In the SEC filing, Aon laid out some of the tax advantages of moving.
Forty cents in additional earnings would boost Wall Street's consensus 2011 adjusted profits of $3.25 per share by 12%.
Analysts did some quick projections based on the effective tax rate at one of Aon's main rivals, Willis Group Holdings Ltd., which is based in London. Its tax rate is about 4 percentage points lower than Aon's.
Read more: http://www.chicagobusiness.com/article/20120113/NEWS01/120119886/aons-london-move-has-tax-advantages#ixzz1jWR0zrQy
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Response by caonima
about 14 years ago
Posts: 815
Member since: Apr 2010
If US is controlled by real American such as Ron Paul, we would penalize these blood sucker companies and kick them out of US soil. And let only the good companies to do business in American.
Too sad our country is controlled by the same blood suckers GoldmanSex, JPM, Rockefeller, Rothschild Family......
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Response by upperwestrenter
about 14 years ago
Posts: 488
Member since: Jan 2009
would those good companies include Wal-Mart?
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Response by huntersburg
about 14 years ago
Posts: 11329
Member since: Nov 2010
Rockefellers and Rothschilds control exactly what these days? An ice skating rink, one of the two West Virginia U.S. Senate seats, and two of the first growth Grand Cru wineries in France??
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Response by upperwestrenter
about 14 years ago
Posts: 488
Member since: Jan 2009
he should have simply said the US is controlled by Oil.
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Response by Riversider
about 14 years ago
Posts: 13573
Member since: Apr 2009
I think the Rothschild's control a vineyard somewhere. But of course we all know what people mean when they say the Rothchild family controls world finances...
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Response by jason10006
about 14 years ago
Posts: 5257
Member since: Jan 2009
Uh-huh. London, where the top marginal income tax rate is 50%, the VAT is 17.5%, and they have completely socialized medicine - both on the provider and insurance sides.
This move really does nothing to promote your world view, RS.
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Response by ss400k
about 14 years ago
Posts: 405
Member since: Nov 2008
not sure so much about LDN, but once you add in state/city/sales/payroll/unemployent/work comp/ad val/gas/sales/gift/estate/hunting/inventory/kiddie/liquor/lux/medicare/property/resort/oil/SS/MTA/Use.....etc, etc, etc taxes you can see why tax foundation always ranks US worst for business...
... yet all idiots focus on are the federal tax rates.. right
also once you hit AMT, a ton of your deductions become void.. Alternative Min Tax though patched by Congress still uses 1960's or so figures for their thresholds, deeming some $140k households in NYC/NJ/CT/CA as "rich".
If US is controlled by real American such as Ron Paul, we would penalize these blood sucker companies and kick them out of US soil. And let only the good companies to do business in American.
Too sad our country is controlled by the same blood suckers GoldmanSex, JPM, Rockefeller, Rothschild Family......
would those good companies include Wal-Mart?
Rockefellers and Rothschilds control exactly what these days? An ice skating rink, one of the two West Virginia U.S. Senate seats, and two of the first growth Grand Cru wineries in France??
he should have simply said the US is controlled by Oil.
I think the Rothschild's control a vineyard somewhere. But of course we all know what people mean when they say the Rothchild family controls world finances...
Uh-huh. London, where the top marginal income tax rate is 50%, the VAT is 17.5%, and they have completely socialized medicine - both on the provider and insurance sides.
This move really does nothing to promote your world view, RS.
not sure so much about LDN, but once you add in state/city/sales/payroll/unemployent/work comp/ad val/gas/sales/gift/estate/hunting/inventory/kiddie/liquor/lux/medicare/property/resort/oil/SS/MTA/Use.....etc, etc, etc taxes you can see why tax foundation always ranks US worst for business...
... yet all idiots focus on are the federal tax rates.. right
also once you hit AMT, a ton of your deductions become void.. Alternative Min Tax though patched by Congress still uses 1960's or so figures for their thresholds, deeming some $140k households in NYC/NJ/CT/CA as "rich".
haha