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re: President Trump signs H.J. Resolution 41 eliminating SEC disclosures.
Posted on 2/14/17 at 5:59 pm to mmcgrath
Posted on 2/14/17 at 5:59 pm to mmcgrath
quote:
Please explain how this helps create US jobs.
The disclosures were requiring US energy companies disclose all payments AND details of payments (contractual terms) with foreign govts. Meaning China can review those contracts to be more competitive thus locking out American companies in future bids. American companies working in Africa will employ more Americans than a china company in the same region.
They will also pay more taxes to fund the govt. that should make you happy.
1
Posted on 2/14/17 at 6:12 pm to C
quote:So like a few hundred jobs? Serious question. I take it that the US company would be under no obligation to actually do that.
American companies working in Africa will employ more Americans than a china company in the same region.
quote:I sincerely doubt that.
They will also pay more taxes to fund the govt. that should make you happy.
Were energy companies the only ones required to do this?
This post was edited on 2/14/17 at 6:19 pm
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