If you offshore a job that can be done domestically, then you shouldn’t be able to declare that as an expense for tax purposes.
Eliminate the Double Irish and other similar tax scams.https://twitter.com/Daeavorn/status/1125485645496033281 …
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Bingo. Foreigners & foreign corps do not pay capital gains and other types of tax when investing in the US. Global corps based in US are incentivized to invest and keep profits offshore via sub part F income, double Irish and other complex schemes. Citizens = cows to be milked.
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Eliminate corporate tax. Eliminate preferred tax rate for cap gains and dividends. Tax dividends interest paid to foreigners at 40%. Would also discourage companies from taking on needless debt to avoid paying taxes.
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Isn't the double Irish and double Dutch actually parts of trade agreements? So u can't just do away with them? At least that's what I've read...
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All taxes are a scam.
#TaxationIsTheftThanks. Twitter will use this to make your timeline better. UndoUndo
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