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The general idea is that those companies would like to bring that money back to fund various things. They can't without getting hit with a high tax rate so the
by tomschlick 11y ago
The general idea is that those companies would like to bring that money back to fund various things.
They can't without getting hit with a high tax rate so they keep it outside. If we simplified the tax code it would help curb the max exodus of that money and if we had a lower rate they would bring that money back in.
- ptaipale 11y agoAs far as I understand it's not really an "exodus" of money. It's money that these companies have made through sales outside the US, and are not bringing in to US because it is better to keep it abroad and possibly invest there.