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Just because the tax rate is lowered doesn't mean companies will repatriate their money here. I think we need a law that penalizes companies for offshoring thei
by Overtonwindow 10y ago
Just because the tax rate is lowered doesn't mean companies will repatriate their money here. I think we need a law that penalizes companies for offshoring their money. If you want to be an American company, headquartered in America, then it should cost companies like Apple to offshore that money. Carrots and sticks should be used to bring that money back, but a lower corporate tax rate is a start, but not the solution.
- maxerickson 10y agoThey don't offshore money, they do profitable business in other countries and then don't want to pay taxes to move the proceeds to the US.