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Sunday, October 29, 2017

Simple 3 Step Process On How Multinational Companies Pay No Tax and Strip Wealth Out Of America

As it is, the system is absurd. A company can exploit the fiction that its overseas subsidiary is a different company and sign contracts to move profits wherever it wishes. A company that has done that, and has built up overseas profits, has a tax incentive to build a new plant overseas rather than in the United States.
stock here, I made this one up, it's pretty simple really.   It forces US companies to set up foreign production sources.  Business tax rate on profits in USA is 35% 2nd or 3rd highest in the world (Puerto Rico is higher than "USA" but it is USA so maybe it shouldn't "count".

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