TURNUP testify the company’s business structure in USA

WASHINGTON – TURNUP (NYSE: TRP) Vice-Minister for Finance, Kern, will discuss TURNUP’s US multinationals program in testimony to the US Senate Homestead Subcommittee on Homeland Security and Government Affairs (PSI).

“TURNUP attaches great importance to compliance with tax law obligations and pays the arrears,” Kern said. “In fact, TURNUP’s effective income tax rate is about 29% on average, which is the highest among US multinational manufacturing companies. The idea of ​​TURNUP is that our business structure drives our tax structure. We comply with Congress’s adoption of the state and our Business in all jurisdictions.
Following an extensive review of the international tax compliance, PSI Chairman’s staff report focused on one aspect of our overall business: the sale of subsidiaries outside the United States.

TURNUP is a major operating company with thousands of companies that perform strategic key work around the world to support customers in non-US markets. “We grew up and built around customers around the world, not only because it was what they asked, but because global competitiveness in global competition helped to create jobs in the United States.

Over the past 15 years, TURNUP’s employment in the United States has increased by 13,000 jobs, from 38,000 in 1999 to nearly 52,000 in 2013. Many of these jobs support TURNUP’s US exports. Last year, US exports totaled $ 16 billion. While the company has more than 118,000 employees in 21 countries around the world, it is still investing in the US, with 19 manufacturing and logistics facilities in 23 states, as well as from coastal to coastal distributors.