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by jjn2009
3597 days ago
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I did not find that part of your argument to be substantial to the core of my point, they followed whatever tax regulations they were subject to abroad and if there are loopholes then those countries can close them if they so desire. Overseas profits will end up paying for corporate infrastructure and jobs elsewhere, penalizing global activities by taxing profits which do not occur in the US is not a very forward thinking strategy for the US Government and it's why we will continue to get killed in trade with deficits until it obliterates our economy. |
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If those profits are never taxed, they won't. Of course, to avoid them being taxed you have to leave them sitting in accounts in Bermuda and the Caymans where that money can't be productive for the company either.
by taxing profits which do not occur in the US
The US isn't asking to tax their overseas profits. If you can't make your argument without openly lying about what's going on, I don't know how you can expect to be taken seriously.