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Corporations shouldn't get taxed only if they reinvest the money. More often than not, it's stashed in the Cayman islands or some other tax haven.
by deepnotderp 10y ago
Corporations shouldn't get taxed only if they reinvest the money. More often than not, it's stashed in the Cayman islands or some other tax haven.
- poikniok 10y agoYou get that the only reason they do that is because of taxes ..., right?
- valuearb 10y agoYea, the money in the Cayman islands is "invested", it's earning interest only because it's being loaned out to other businesses. But my point is rather than trap US capital in overseas bank accounts earning limited interest, it's far better to have it brought back to the US and invested directly in businesses (or returned to shareholders).