What is a foreign corporation these days?

[hedgehog]

The company my husband works for started out in Canada, was split off and recombined with a French company, has plants on 4 continents and is currently a wholly owned subsidiary of a privately held Indian firm.

[doc03]

1. The company I work for was a government owned

entity in the former Soviet Union. After the fall of the Soviet Union it was taken over by a Russian individual that still owns about 90-95% of the company. So a few years ago he created a holding company in the US and has bought up 5 US steel companies and is now the 4th largest steel company in the US. Worldwide he now has over 100,000 employees. So now if this Russian citizen (a multi billionaire) decides he doesn't like Senator Sherrod Brown's position on his pet issue he could easily purchase the election of a new Senator more to his liking out of petty cash. Same goes for our Congressman or a State Supreme Court justice, just about anything he wants.

on edit: Same here we started out as a American steel company in the early 1800's now we are owned by a Russian billionaire that owns banks, gold mines, coal mines, steel companies, iron ore mines, sports teams in Russia, air craft factories and who knows what else and he has the ability to influence millions of votes in the USA.

[bemildred]

2. That's the point, nobody knows.

Corporate entities pop up and are disposed of like mushrooms. It is sort of like the financial derivatives mess in that things are created out of thin air and them evaporate like smoke.