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Foreign profit tax break was costly bomb: report
The subcommittee's report found that the last repatriation tax holiday cost the Treasury at least $3.3 billion in net revenue lost over ten years and that it "produced no appreciable increase in U.S. jobs or domestic investment, and led to U.S. corporations directing more funds offshore."
A second such tax break, it said, would cut government revenues, fail to create jobs and increase incentives for U.S. corporations to move more jobs and investment abroad.
Foreign profit tax break was costly bomb: report | Reuters
A second such tax break, it said, would cut government revenues, fail to create jobs and increase incentives for U.S. corporations to move more jobs and investment abroad
Our highest in the world corporate tax rates and our idiotic insistence on taxing world-wide profit is incentive enough for US corporations to move jobs and investment abroad.
Cut the corporate rate to something reasonable, like 15%, and foreign corporations would move jobs and investment here.
Sure UNTIL the next nation cuts it to 10%. MOST Corp profits on US Corps are made WITHIN the US even counting 'accounting tricks' like Google and Apple use.
Good Gov't Policy, IF the GOP would allow it again, would do just fine to keeping jobs AND tax revenues in the US. Of course I don't expect that until 2018-2020 when the extremists TP/GOP is finally destroyed and the Birchers who run it are put back in the corner, as they wewre up until Reagan!
"A second tax holiday would also reward and encourage corporate tax avoidance. The evidence indicates that a significant share of the profits that multinational corporations book in low-tax foreign jurisdictions is, in economic terms, attributable to domestic economic activity that these "overseas profits" were, through complicated accounting maneuvers, shifted overseas on paper specifically to avoid U.S. corporate taxes."
Imagine the revenue we'd get if foreign corporations had an incentive to shift revenue here.
Almost zilch. MOST profits are already made in the US
Foreign profit tax break was costly bomb: report
The subcommittee's report found that the last repatriation tax holiday cost the Treasury at least $3.3 billion in net revenue lost over ten years and that it "produced no appreciable increase in U.S. jobs or domestic investment, and led to U.S. corporations directing more funds offshore."
A second such tax break, it said, would cut government revenues, fail to create jobs and increase incentives for U.S. corporations to move more jobs and investment abroad.
Foreign profit tax break was costly bomb: report | Reuters
The subcommittee's report found that the last repatriation tax holiday cost the Treasury at least $3.3 billion in net revenue lost over ten years
Hilarious! The Treasury would get 35% of zero, because corporations would leave the money overseas, or some much lower rate on a much bigger sum.
And that repatriated cash would pay dividends (taxed again) or buy equipment (generates more economic activity) or pay down debt (increased net profit = higher corporate tax payments).
Don't want to pay your taxes? KEEP IT OFFSHORE. FUCK THEM, Eventually the TP/GOP will be voted out and we can start having GOOD GOV'T POLICY with those that actually believe in governance!
A second such tax break, it said, would cut government revenues, fail to create jobs and increase incentives for U.S. corporations to move more jobs and investment abroad
Our highest in the world corporate tax rates and our idiotic insistence on taxing world-wide profit is incentive enough for US corporations to move jobs and investment abroad.
Cut the corporate rate to something reasonable, like 15%, and foreign corporations would move jobs and investment here.
Sure UNTIL the next nation cuts it to 10%. MOST Corp profits on US Corps are made WITHIN the US even counting 'accounting tricks' like Google and Apple use.
Good Gov't Policy, IF the GOP would allow it again, would do just fine to keeping jobs AND tax revenues in the US. Of course I don't expect that until 2018-2020 when the extremists TP/GOP is finally destroyed and the Birchers who run it are put back in the corner, as they wewre up until Reagan!
Sure UNTIL the next nation cuts it to 10%.
Well, keeping ours at 35% hasn't helped much, has it?
Good Gov't Policy, IF the GOP would allow it again, would do just fine to keeping jobs AND tax revenues in the US.
Cutting the corporate rate would do both. And putting a leash on the EPA. Of course Obama thinks wagging a finger at corporations will do the trick.
Imagine the revenue we'd get if foreign corporations had an incentive to shift revenue here.
Almost zilch. MOST profits are already made in the US
If foreign corporations shifted revenue from elsewhere to here, that would increase jobs and tax revenue......here.
We could use some of the money to improve economics education in the US.
Of course that would end up hurting liberal candidates.
The subcommittee's report found that the last repatriation tax holiday cost the Treasury at least $3.3 billion in net revenue lost over ten years
Hilarious! The Treasury would get 35% of zero, because corporations would leave the money overseas, or some much lower rate on a much bigger sum.
And that repatriated cash would pay dividends (taxed again) or buy equipment (generates more economic activity) or pay down debt (increased net profit = higher corporate tax payments).
Don't want to pay your taxes? KEEP IT OFFSHORE. FUCK THEM, Eventually the TP/GOP will be voted out and we can start having GOOD GOV'T POLICY with those that actually believe in governance!
Don't want to pay your taxes? KEEP IT OFFSHORE. FUCK THEM
Yes!!!! Who needs our government to get more revenue?
Why would we need more jobs here? LOL!
You'll show them. LOL!
Eventually the TP/GOP will be voted out and we can start having GOOD GOV'T POLICY
Yes! Like we had while Obama had large majorities in the House and Senate.
Sure UNTIL the next nation cuts it to 10%. MOST Corp profits on US Corps are made WITHIN the US even counting 'accounting tricks' like Google and Apple use.
Good Gov't Policy, IF the GOP would allow it again, would do just fine to keeping jobs AND tax revenues in the US. Of course I don't expect that until 2018-2020 when the extremists TP/GOP is finally destroyed and the Birchers who run it are put back in the corner, as they wewre up until Reagan!
Sure UNTIL the next nation cuts it to 10%.
Well, keeping ours at 35% hasn't helped much, has it?
Good Gov't Policy, IF the GOP would allow it again, would do just fine to keeping jobs AND tax revenues in the US.
Cutting the corporate rate would do both. And putting a leash on the EPA. Of course Obama thinks wagging a finger at corporations will do the trick.
Weird, lowest EFFECTIVE tax rates in the OECD nations besides Chile and Mexico?
EVERYTHING YOU AND THE RIGHT WINGERS POSIT IS CRAP. IT NEVER WORKS, YOU KLOWNS ARE NEVER ON THE CORRECT SIDE OF HISTORY, BUT WE WILL TRUST UPI ON THIS? LOL
Almost zilch. MOST profits are already made in the US
If foreign corporations shifted revenue from elsewhere to here, that would increase jobs and tax revenue......here.
We could use some of the money to improve economics education in the US.
Of course that would end up hurting liberal candidates.
IF I could crap hundred dollar bills I'd be a billionaire. AND?
Don't want to pay your taxes? KEEP IT OFFSHORE. FUCK THEM, Eventually the TP/GOP will be voted out and we can start having GOOD GOV'T POLICY with those that actually believe in governance!
Don't want to pay your taxes? KEEP IT OFFSHORE. FUCK THEM
Yes!!!! Who needs our government to get more revenue?
Why would we need more jobs here? LOL!
You'll show them. LOL!
Eventually the TP/GOP will be voted out and we can start having GOOD GOV'T POLICY
Yes! Like we had while Obama had large majorities in the House and Senate.
RIGHT WINGERS ARE NEVER CORRECT, EVER. But I'll believe you this one time right? lol
You mean ALL 24 days the Dems had a super majority WHILE Dubya's economy was crashing in 2009?
Democrats only had a veto proof majority for 24 working days | Fact Left
Federal Spending & Revenue run close to 20% of GDP. Tax revenue has been 18%. That means very, very few corps are paying taxes & the average is 12%. Tax on dividends & corps need to be near 20% or they are being subsidized by government spending. Anyone who believes dividends & corps are paying to much is an idiot. Close the loopholes & lower the top rate.
cap gains are taxed
. Tax on dividends & corps need to be near 20% or they are being subsidized by government spending.
YOU KLOWNS ARE NEVER ON THE CORRECT SIDE OF HISTORY,
