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They have no foreign earnings so must earn local currency to pay them.
4) "These foreign earnings are taxed in the jurisdiction where they are earned".
Others try to keep their foreign earnings offshore.
Unproductive, untaxed foreign earnings make that kind of merger tempting.
Meanwhile there was considerable overseas investment, and foreign earnings grew.
The taxation of foreign earnings also affects financial accounting numbers reported to shareholders.
Last year, more than nine out of every ten dollars in foreign earnings came from oil.
An industrial cluster that can generate foreign earnings on such a scale is enviable.
The resource still accounts for 95% of foreign earnings and two-thirds of government revenue.
Oil is Ecuador's is understood to be their chief source of foreign earnings.
Nearly all foreign earnings were derived from the three staple plantation crops tea, rubber, and coconut.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com