[RE-wrenches] Magnum Energy sold to tax dodger

[frenergy]

Bill,

        Interesting because at InterSolar in SF this June, they were still bragging about being made in the USA.  I guess you'd want to right up until: "Another one bites the dust"   (there's a song isn't there?)  It's getting terribly lonely out there for a US made offgrid inverter.

Bill
Feather River Solar Electric
  ----- Original Message ----- 
  From: Bill Hennessy 
  To: RE-wrenches 
  Sent: Sunday, September 07, 2014 6:47 AM
  Subject: [RE-wrenches] Magnum Energy sold to tax dodger


  hey wrenches, I suppose it's old news to you West Coasters, but saw yesterday that Magnum inverters has been sold for $60 million to a Mitt Romney conglomerate that shifted to the Netherlands to avoid paying US taxes. The new owner, Sensata, touts its "integrity" and comes with a rep of moving jobs to China.



  SEC Info - Sensata Technologies Holding N.V. - 10-Q - For 6/30/14 - R22


       
           
        SEC Info - Sensata Technologies Holding N.V. - 10-Q - For 6/30/14 - R22Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 1  
       
        View on www.secinfo.com Preview by Yahoo 
       
       






  http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html
       
             
        Tax Dodge Used by Bain Shifts U.S. Firms Abroad Without ...While its top executives are still based in Attleboro, Massachusetts, it's now known as Sensata Technologies Holding NV (ST) of the Netherlands. Treasury Department... 
       
        View on finance.yahoo.com Preview by Yahoo 
       
       



  Bill Hennessy
  Berks Solar, LLC
  371 Centennial Rd
  Mertztown, PA 19539

  o 610 682 4300
  c 484 560 4666
  NABCEP certified installer
  PA contractor #44411
  www.berkssolar.com


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