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> So what say what you will about the current administration, they managed to get something done that even some of the most tax-hungry politicians in the nation

> So what say what you will about the current administration, they managed to get something done that even some of the most tax-hungry politicians in the nation previously failed to do. This is not terribly unique. We had a very similar (slightly more generous) repatriation tax holiday during the Bush Administration, in 2004.

downandout 9y ago
It's been 14 years, which included 8 years of tax-hungry Democratic rule. So it is at least somewhat unique.
- toyg 9y ago
  Lol, only US Republicans can see US Democrats as "tax hungry". Both the Clinton and Obama administrations were extremely business-friendly.
  - IncRnd 9y ago
    Really? Have you investigated how many countries on the planet tax their citizens and corporations making money in other countries? The US marginal corporate tax rate is 38.92% compared to the worldwide average 22.5%. Until this recent tax bill passed, the US has had the 3rd highest marginal corporate tax rate in the world, surpassed only by the UAE and Puerto Rico. The US federal government is greedy for cash not business friendly.
    - toyg 9y ago
      A higher theoretical corporate rate is largely offset by lower income tax [1]. In the end, income taxes are basically a business cost for any company with employees. On top of that, actual tax rates after accounting for deductions are much lower [2], and then you have lower sales tax: in Europe VAT averages around 20%, whereas in the US sales tax averages well below 10% - which is why European tourists are notorious shoppers when going to North America. You can argue whether your dollars are well spent or whether there are internal disparities, but overall the US is hardly a tax hell. [1] http://www.bbc.co.uk/news/magazine-26327114 http://www.bbc.co.uk/news/magazine-26327114 [2] https://www.npr.org/2017/08/07/541797699/fact-check-does-the-u-s-have-the-highest-corporate-tax-rate-in-the-world https://www.npr.org/2017/08/07/541797699/fact-check-does-the...
      - IncRnd 9y ago
        I try to tell myself that each quarter... From the standpoint of a business owner, you almost always need to spend the money in the first place in order to get deductions.
- sjg007 9y ago
  The Democrats are tax and spend and the Republicans are borrow and spend. If you borrow and spend then you need inflation to eat away at the interest you are paying on the money. But you can only borrow so much and quantitatively ease (inflate) so much.
- danjayh 9y ago
  Also unique because a simple repatriation holiday is a far cry from restructuring our corporate tax code to make us competitive with the rest of the world from a tax perspective.

downandout 9y ago

It's been 14 years, which included 8 years of tax-hungry Democratic rule. So it is at least somewhat unique.

toyg 9y ago
Lol, only US Republicans can see US Democrats as "tax hungry". Both the Clinton and Obama administrations were extremely business-friendly.
- IncRnd 9y ago
  Really? Have you investigated how many countries on the planet tax their citizens and corporations making money in other countries? The US marginal corporate tax rate is 38.92% compared to the worldwide average 22.5%. Until this recent tax bill passed, the US has had the 3rd highest marginal corporate tax rate in the world, surpassed only by the UAE and Puerto Rico. The US federal government is greedy for cash not business friendly.
  - toyg 9y ago
    A higher theoretical corporate rate is largely offset by lower income tax [1]. In the end, income taxes are basically a business cost for any company with employees. On top of that, actual tax rates after accounting for deductions are much lower [2], and then you have lower sales tax: in Europe VAT averages around 20%, whereas in the US sales tax averages well below 10% - which is why European tourists are notorious shoppers when going to North America. You can argue whether your dollars are well spent or whether there are internal disparities, but overall the US is hardly a tax hell. [1] http://www.bbc.co.uk/news/magazine-26327114 http://www.bbc.co.uk/news/magazine-26327114 [2] https://www.npr.org/2017/08/07/541797699/fact-check-does-the-u-s-have-the-highest-corporate-tax-rate-in-the-world https://www.npr.org/2017/08/07/541797699/fact-check-does-the...
    - IncRnd 9y ago
      I try to tell myself that each quarter... From the standpoint of a business owner, you almost always need to spend the money in the first place in order to get deductions.
sjg007 9y ago
The Democrats are tax and spend and the Republicans are borrow and spend. If you borrow and spend then you need inflation to eat away at the interest you are paying on the money. But you can only borrow so much and quantitatively ease (inflate) so much.
danjayh 9y ago
Also unique because a simple repatriation holiday is a far cry from restructuring our corporate tax code to make us competitive with the rest of the world from a tax perspective.