There is more to this. Can you site that section of the tax reform bill please? Corporate tax rates differ from country to country. The U.S. corporate tax rate is disgusting. Why would you work to prevent a company from saving money and creating more jobs for American citizens?
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Going nowhere, fast.
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Why do we tax money earned abroad? If the money is earned there it should be taxed there? I worked in one state and lived in another and I didn't get taxed twice. I would rather have them bring the money here and invest here.
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I've heard analyst briefings where multinationals said they're going to move production to offshore subsidiaries, then have their US distribution buy from offshore mfg at a high price... book profits offshore, then repatriate cheaply. Two different briefings.
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@GOP banqueteersThanks. Twitter will use this to make your timeline better. UndoUndo
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These loopholes did not originate with Trump
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