Read what the Marin County paper, the Ark, has to say about the firm and Mary Bersot. (Click here for PDF)

US companies have a presence throughout the world and benefit from exposure to many economies, including emerging markets. This advantage has led to world prominence and been a major factor in earnings growth over the years. This diverse and ever expanding source of earnings has made many US companies profitable as we suffer through this recession. Companies often delay repatriating their earnings from foreign sources and because of this avoid income tax on the funds. Taxes are an expense and expenses reduce profits. The Obama administration needs funds to pay for the massive stimulus programs and this week proposed to tax all foreign earnings of US companies. The hope is that this will add to tax revenues and discourage shifting jobs and factories overseas.