The U.S. Has the Highest Corporate Income Tax Rate in the world (Congressmen, drug)
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We shouldn't ignore this if we're serious about bringing jobs back to the US.
Just as soon as the US people are willing to work for less than a $1.00 an hour or the US people are willing to pay a substantial premium for " made in the USA".
Just as soon as the US people are willing to work for less than a $1.00 an hour or the US people are willing to pay a substantial premium for " made in the USA".
And that is why the big US companies keep all their profit money in their offshore subsidiaries to the tune of $2 trillion dollars.
no, the reason they keep their profit in offshore subsidies is because they can.
the result of the double irish-with-dutch sandwich is that apple has entities that are in no tax jurisdiction.
the u.s. could lower its tax rate to 5% and it wouldn't be low enough. the solution is not to entice them to repatriate the money, it is to coerce them into repatriating the money.
no, the reason they keep their profit in offshore subsidies is because they can.
the result of the double irish-with-dutch sandwich is that apple has entities that are in no tax jurisdiction.
the u.s. could lower its tax rate to 5% and it wouldn't be low enough. the solution is not to entice them to repatriate the money, it is to coerce them into repatriating the money.
The problem is that the US wants to tax money not earned in the US.
That goes for both corporations and individuals.
You make money in France then you pay taxes to France, not both France and the US.
The US taxes worldwide income for both business and individuals.
no, the reason they keep their profit in offshore subsidies is because they can.
the result of the double irish-with-dutch sandwich is that apple has entities that are in no tax jurisdiction.
the u.s. could lower its tax rate to 5% and it wouldn't be low enough. the solution is not to entice them to repatriate the money, it is to coerce them into repatriating the money.
No, I am not. Therefore, I had to decide who was more credible, the General Accounting Office of the United State Congress, or some guy on C-D who goes by the name of "driller." It was an easy choice...
The point is the US wants to tax everyone (individuals/companies) on money NOT earned in the US.
then why do they offer foreign tax credits?
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