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If you could instantaneously eliminate all "tax haven locales" ... you would in fact make the US somewhat better off That's not at all clear to me. It might b
by CWuestefeld 17y ago
If you could instantaneously eliminate all "tax haven locales" ... you would in fact make the US somewhat better off
That's not at all clear to me.
It might be true that it would increase US government tax revenue, but
A. It's not clear that's true. There may be other reasons keeping businesses out of America (say, SarbOx for example).
B. It's not clear that increasing the revenue of the US government at the expense of the corporations (and their employees and their shareholders) is making us better off.
- sokoloff 17y agoRe: A: I was talking only about the relative effects of a single change: eliminating all tax haven locales at once. The likelihood that exactly zero of those displaced companies would re-domicile and shift revenue to the US, SabOx404 notwithstanding, is basically zero. Re: B. You're absolutely right. I didn't think that all the way through to absolute effects. For me personally, it would certainly be negative, so I clearly blew it here. Upvoted.