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No, the US has not kept pace with the rest of the world with regards to setting reasonable tax rates and how profits made it other markets are treated. That is
by Shivetya 11y ago
No, the US has not kept pace with the rest of the world with regards to setting reasonable tax rates and how profits made it other markets are treated. That is why companies move to incorporate elsewhere and laws be damned many will do so.
The US is in danger because other economies are growing in s size and it won't be long before being based elsewhere just makes sense not only because of taxation but because of local sales.
Instead we have vindictive politicians who wonder why they are reviled many times over. Here's a hint, what they are willing to do to punish a company is a clear indication they respect nothing and no one and will and do use the law to punish those they don't like