No, it encourages them to bring the money back and stop hiding it overseas. How stupid do you have to be to prefer the status quo? Because these companies WERE NOT going to change their behavior until the penalties disappeared.
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Except, high taxes and regulations are what has been sending them there. For the last 30 years. There's that.
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Great show today...let’s also not forget that Bill Clinton promised a middle class tax cut in 1992. In 2017, Trump fulfilled this commitment
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I just dont understand this whole "stashed offshore" scenerio. Has this $ ever been taxed as income? Has it been hidden from irs and sent offshore? I am getting the general idea that Sasha is suggesting a company should be taxed twice on same $$
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What a wack head this guy is. A low domestic tax rate will encourage more movement offshore. Sure
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This doesn't compute if you bring billions of dollars back to this country it has to benefit somebody who in turn will use it to benefit somebody through purchases or Investments. Unless they put it under their mattress which isn't going to happen.
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Seems like the alternatives are to either forbid US corporations from offshore business, or from US soil, period.
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She and the WSJ conveniently leaving out that foreign investors now have more of an incentive to bring money into the U.S. And that has some countries worried.https://global.handelsblatt.com/politics/germans-fear-huge-loss-of-jobs-from-us-tax-reform-865577 …
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I had suggested in order to bring back these funds a significant % of it MUST be reinvested in plant & equip to qualify for tax breaks.
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