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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Heywood40 who wrote (1049451)1/19/2018 9:04:13 PM
From: Tenchusatsu1 Recommendation

Recommended By
TideGlider

  Respond to of 1577893
 
Heywood,
Obama admin proposed repatriation.
Few business leaders were in favor of that plan, which was nothing more than a one-time tax break combined with an additional tax on all future profits earned overseas.

That amounted to a net tax hike, since profits earned domestically would still be taxed at the higher rate, while profits earned overseas will then be subject to a new tax.

That plan never had any hope of getting passed, but of course, if a liberal "tries," it's good enough, right?

Tenchusatsu