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The Guardian - UK
The Guardian - UK
Technology
Jack Schofield

Why Microsoft is paying dividends

"Many Factors Behind Microsoft's Dividend" says the LA Times [free registration required]. As well as the obvious ones, it seems Microsoft got a letter from Ralph Nader's organisation, Consumer Project on Technology, which "pointed out that a rarely invoked U.S. law allows for a 39% tax on retained company profit 'beyond the reasonable needs of the business'." The piece concludes: "Nader's group says it plans to write a pro-dividend letter to Cisco Systems Inc."

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