Corporate taxes are money taken out of the shareholders' pockets. Those taxes are taken before the money gets to the shareholders's pockets, but amounts to the same.How does the practice of multinationals making profit domestically and then expatriating those profits to foreign tax havens factor into your investment equation?How does this proposal “kill investment”?I see all kinds of potential things wrong with it, however I see A LOT more wrong with the current system of exploitation being practiced by large multinational corporations.You don't see anything wrong with this?
Killing investment is a great way to increase jobs. I see why you like it
OK, think about it.
A company has say a profit of $100 million. They plan to pay their shareholders $50 million. That means they have a $50 million profit.
They don't want to pay taxes on $50 million. Let's say their tax rate is 20%, so they would pay $10 million in taxes.
They have already calculated all their taxes and they can't get out of paying less unless they reduce profit and the only way to do that is spend the money.
OK, now they don't want to throw the money away, so what is the other option? To INVEST the money. That means there are higher future profits by investing in positive NPV profits.
Frankly it's pretty obvious, I can't believe you're creating threads and leading discussions on this without even knowing the basics about how companies operate
Corporate taxes should be zero. Investors pay taxes now on their profits. Either dividend taxes (distributed profits) or capital gains taxes (retained profits).
How about being fair and stopping taxation of everybody?
It would work well for the first month until the bills start coming in.
All of which is a silly joke anyway! Hahahaha!
Who's to blame for America's corporations taking their business to China where the markets are the most lucrative? Should government have interfered and demanded that corporations stay in America where they would have had to employ Americans to manufacture made in America goods?
Had government done that, would that be 'socialist' interference in capitalism?
Capitalism grants corporations the right to take their business anywhere they choose!
I think for past few decades we are now under chrony capitalism. And thats why all our industry is now sold off to the highest bidders.