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Trump's solution? Cut the U.S. corporate tax rate to 15% from the current top rate of 35%. This would make corporate inversion unnecessary. I think he also ha
by laichzeit0 11y ago
Trump's solution? Cut the U.S. corporate tax rate to 15% from the current top rate of 35%. This would make corporate inversion unnecessary. I think he also had the idea of capping tax at 10% for companies wanting to bring their money back.
At some point you have to ask yourself "why are companies doing this?" and fix the root cause.
- te_chris 11y agoCreating a race to the bottom is the opposite of fixing the root cause. The US already has a way to deal with this as it's the system used internally between states: levy taxes where sales happen.
- laichzeit0 11y agoSo the idea is to punish corporates into submission instead of making it so cheap to do business in the USA they don't wanna go elsewhere?
- toephu2 11y agoDo any presidents actually follow through with what they say during pre-election? Plus a president doesn't even have the power to lower corporate tax by himself anyway.