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US corporations have recently been given a corporate revenue tax cut, from 35% to 21% (and beyond this they apparently enjoy a bunch of loopholes bringing their
by einpoklum 6y ago
US corporations have recently been given a corporate revenue tax cut, from 35% to 21% (and beyond this they apparently enjoy a bunch of loopholes bringing their taxes much further down). Surely that is more than enough for them to be able to bankroll chip fabrication in the US - individually or together.
Isn't this simply an attempt at "double-dipping"?
"Please subsidize us! The humongous corporate income tax deduction you gave us is not nearly enough!"