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Yes, even GM, under those favorable conditions should have been expected to turn a profit this year.
FORBES: Grasping The Full Costs Of The Auto Bailout
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If Greece were to bring debt levels down to the 60% of GDP limit established by the EU by 2040, under very favorable conditions such as 6% interest rates on its bonds (compared with 16% currently), and 4% annual GDP growth, the country would need a primary surplus of 6% of GDP.
FORBES: Greece: Preemptive Debt Restructuring Or Eurozone Exit
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By shifting income from high-tax to low-tax countries through transfer pricing, using hybrid entities that are treated as corporations in some countries and flow-through entities in others, stripping profits from high-tax countries through intracompany financing, repatriating under favorable tax conditions, and other tax avoidance mechanisms, multinationals mitigate the impact of being headquartered in a high-tax state.
FORBES: Are US Companies Paying Too Much Taxes?