[RE-wrenches] Magnum Energy sold to tax dodger

[RE Ellison]

Even stranger is that is not who they told me was buying them out, it was
another inverter manufacturer.

Big in the RV / Coach market. Seems like it was Dimensions or something like
that. Unless they were just flipped?

Every company with stockholders will become "tax dodgers", at least till we
get the crippling taxes lowered to a reasonable rate.

Even Burger King is moving, and it will continue till none are left.

 

Bob Ellison

 

From: RE-wrenches [mailto:re-wrenches-bounces at lists.re-wrenches.org] On
Behalf Of frenergy
Sent: Sunday, September 07, 2014 10:46 AM
To: RE-wrenches
Subject: Re: [RE-wrenches] Magnum Energy sold to tax dodger

 

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 <mailto:bill at berkssolar.com>  

To: RE-wrenches <mailto:re-wrenches at lists.re-wrenches.org>  

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
<http://www.secinfo.com/d1d2W1.n1v.14.htm#1stPage> 




	
						


 <http://www.secinfo.com/d1d2W1.n1v.14.htm#1stPage> SEC Info - Sensata
Technologies Holding N.V. - 10-Q - For 6/30/14 - R22 

Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB
-Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50
-Paragraph 1 

	
		


 <http://www.secinfo.com/d1d2W1.n1v.14.htm#1stPage> View on www.secinfo.com

Preview by Yahoo

	
		
	
							

 









http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html

	
	
 <http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html>
image

					


 <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...

	


 <http://finance.yahoo.com/news/tax-dodge-used-bain-escapes-040100235.html>
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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