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I was very disappointed to see no mention of the fact that the US is one of the only developed nations that taxes companies' offshore profits. The trillions in
by mikekij 10y ago
I was very disappointed to see no mention of the fact that the US is one of the only developed nations that taxes companies' offshore profits. The trillions in profits held offshore by American companies is an unintended consequence of an overly complex tax system.
- SomewhatLikely 10y agoThe article does point out how easy is it is make profits appear as though they were earned offshore however.