Graphic-design software giant Adobe has announced that it has shut down its North American operations for one week in an effort to cut costs and save money. The announcement marks the second time this year that the company has shut up shop for seven days to save money and according to Adobe, it won’t be the last.
Mercury News reports that Adobe previously shut down for a week in April, and in addition to this week's closure, Adobe will close for another week later in the year. These three shutdowns are on top of the the company's usual practice of closing up for the week between Christmas and New Year's Day.
Bloomberg reports that Adobe has asked employees to take a week's paid vacation for this week's shut down although it's still not clear how much the company will save from four weeks of closure. In an interview last April, Chief Executive Officer Mark Garrett revealed to Bloomberg that Adobe had frozen salaries, trimmed bonuses and curbed travel expenses.
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1) a slow economy
2) high U.S. taxes
The only thing I want to force on my fellow Americans is lower taxes.
Taxes may be high, but they're tired of being the universal scapegoat too.
While the US has technically has just about the highest corporate tax rates in the industrialized world, sometimes topping 40% due to State and Federal taxes. This can be misleading as the US has an extensive and legal tax sheltering system. You should consider a much more realistic and actually better tool to compare against the rest of the OECD nations the US is 2.2% of total GDP as opposed to 3.4% in other OECD nations. No I must admit my source is not the greatest guy in the world,Igor Greenwald from SmartMoney(pretty much a failed guru) but who got out of the markets before the crashes of the past couple of years. But I have seen these numbers elsewhere...just can't find you any links now to support it...and since comparing one countries tax rates to another really is comparing apples to apple boxes, i think the total GPD is a better way to consider tax burden of corporations when making global tax comparisons...but then i am not in any way a tax-pert, so I might be wrong. I strongly advise only using true financial groups for internet research, as there are many, many "foundations" and "society" that speak out about tax policies, but who are rally nothing more than political groups. I don't trust any politicized group that tries to advertise an agenda at you....look at the guys and gals who make a living making money by working in money systems...they generally, but not always are,to busy to be politicized.And of course, I may be totally wrong about this, and if you have better info, I would be glad to see it.