d3r

I like the deal too. Combined with a competitive corporate tax rate, maybe the ship can be turned around.

piratse

Taxing businesses at 35% is absurd anyways, with international banking they don't need to bring the money here. Our tax rate is too high ALL over, but business of all sizes shouldn't be paying that rate. 10-15% is more than enough.

B3bomber

These fuckers wouldn't pay if the tax rate on profits was 0.00000000000001%. They love abusing our infrastructure until it breaks then leave. They're parasites.

piratse

They still pay taxes in those other countries dude. They can parasite all they want, the gubbment gonna get those taxes.

Wuttier

There are a few other western governments, like those in The Netherlands, that are a tax-haven for those companies. The dutch government even does international marketing, with promises for lowered taxes and other benefits, so their country of origin doesn't get much of it. The term 'mailbox office' comes to mind.

B3bomber

Right, like how the EU is fining Apple for avoiding to pay taxes there too? You must be a fucking idiot.

Olay

You mean the same Goldman Sachs that ran Trump's campaign that he put in charge of the government? Sounds like Trump's just a Goldman Sachs puppet.

derram

https://archive.is/HAhBu :

Apple, Google and Others at Trump Tech Summit Have Stashed $560 Billion in Profits Overseas

'Trump has promised to deliver such a huge gift to multinationals by allowing them to bring back overseas profits at a one-time rate of 10 percent. '

'U.S.-based multinationals are, in theory, supposed to be taxed at a rate of 35 percent on any profits they earn anywhere on earth. '

'Companies then refuse to bring the cash back until they get a special sweetheart deal slashing their rates. '

'Goldman Sachs is holding an additional $28.6 billion overseas. '

'The gusher of money was instead used for stock buybacks and to increase executive salaries. '

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