2 ms·
No one is saying the US would make it illegal to operate an international company. They're looking for ways to close some of these loopholes that are keeping a
by Frondo 9y ago
No one is saying the US would make it illegal to operate an international company.
They're looking for ways to close some of these loopholes that are keeping a ton of tax money out of the coffers belonging to We the People.
Please don't conflate "closing tax loopholes" with "making it illegal to operate internationally".
- __blockcipher__ 9y agoPlease define the specific tax loophole. The "loophole" as far as I can tell is that a company can choose not to repatriate their earnings, which is completely legal.
- Frondo 9y agoYou were saying "make it de facto illegal to operate a multinational" and that is not on the table and has never been anywhere close to it. Are you walking that back, and want to talk about loopholes now?
- __blockcipher__ 9y agoI consider forced repatriation to be a no-go. Others probably disagree with me, maybe even Tim Cook himself. IMO if you force companies to do something like that with their capital, then they won't incorporate in the US. I do want to talk about loopholes. How do we close the "repatriation loophole"?