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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)

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  1. Why in the world would you think a consumption tax"" would be fair? Think about it before you answer. Think about the burden of this consumption tax."

  2. If the U.S. Government would do the right thing and can the current tax system and go with a consumption based tax system then U.S. Citizens and Companies would not be burdened with all these tax problems. Everyone would be taxed equally and pay equally no matter what their status is in the U.S.

  3. Excuse me, foreign companies are not subject to the US law, but they pay a hell of alot more taxes than US companies do. Furthermore, if US companies would stand up and be counted a good US citizens and pay a fair share the issue would not be on the agenda