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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (50525)8/10/2013 1:28:17 PM
From: TimF  Read Replies (2) | Respond to of 85487
 
Then you will have less American companies for those laws to affect. They will be overseas companies instead.

And if you try to force that to not happen, it won't work. If you seize the assets of American companies who try to go overseas, you just make the US a less desirable place to do business. If you put in trade restrictions you directly hurt the US consumer and invite retaliation against American exporters.

The only smart solution is to lower the US corporate tax rate.



To: koan who wrote (50525)8/10/2013 2:03:17 PM
From: sm1th2 Recommendations

Recommended By
TimF
TopCat

  Respond to of 85487
 
We should have laws that prevent corporations from hiding money overseas.

They aren't hiding it, it is clearly reported. They pay taxes in the countries where the income is generated. There is no reason why money made outside of the US must be brought into the US.

You don't actually care about overseas money, you simply hate all forms of success in the private sector. In your world the only purpose of the private sector is to pay taxes.


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