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> So why is this not being dealt with? It's talked about and being dealt with constantly! President Bush had a repatriation holiday for lowered taxes of repat

by IncRnd 9y ago

> So why is this not being dealt with? It's talked about and being dealt with constantly! President Bush had a repatriation holiday for lowered taxes of repatriated capital. President Obama tried to get assets repatriated. President Trump's tax plan has a lower corporate tax rate in order to stop the movement of capital to lower tax jurisdictions. Also, this plan attempts to close this offshoring move, for multinationals, by requiring the repatriation of assets. There are valid reasons that so many companies decide to offshore profits to a lower tax jurisdiction from what is onerous taxation by the US.

AstralStorm 9y ago
None of the above attempts to wage war (militarily if need be) on the actual tax havens. These only attempt to provide incentives that are not even close to comparable to 0 tax rate you can get.
- IncRnd 9y ago
  > None of the above attempts to wage war (militarily if need be) on the actual tax havens. Wage a military war against tax havens? Is that in an attempt to obtain other people's money? I don't think you really understand the issue. Tax avoidance is, by definition, legal in the US. Tax evasion is the problem. If you don't know today who is engaging in tax evasion, how will military strikes on Ireland and Bermuda ferret those people out and make them pay? Do you have the particular law offices and bank locations mapped out on GPS to strike with tomahawks?