2 ms·
This is the (Republican) justification for the corporate tax breaks though. The theory is that: Companies with international operations didn't repatriate fund
by smileysteve 9y ago
This is the (Republican) justification for the corporate tax breaks though.
The theory is that:
Companies with international operations didn't repatriate funds because the U.S. because the U.S. was not competitive. Now it is.
It's worth noting this is not limited to Tech companies, XOM paid nearly 0% for decades, and, based on the returns that we have seen, we believe that Trump's family business may have paid 0% taxes for > a decade as well (because it had a deductible loss).