Cisco Statement on Tax Deferral Issue
There is much interest on the tax deferral issue today. Here is our statement on this issue:
“Cisco would be adversely affected if tax deferral was eliminated by U.S. If rules are changed on tax deferral and we are taxed in the U.S. on non-U.S. profit, this significant additional U.S. tax cost would adversely impact our ability to invest and grow our business in the U.S. (R&D, capital investment, jobs, wages, etc.), and to compete against our foreign competitors who are not subject to this U.S .tax.”
If you are with the media and you have questions, you may contact me at jearnhar (at) cisco.com.