[AnthonyMouse]

The notion that we should be encouraging corporations to hoard money is crazy. We have enough problems with them doing that as it is, because executives already have a perverse incentive to retain earnings for pet projects and wasteful empire building, and there are a bunch of dumb tax rules that already allow taxes to be avoided as long as the money isn't repatriated and paid out to shareholders, which makes the shareholders prefer to collect interest on the before-tax amount in an offshore account inside the corporation rather than the after-tax amount in their own domestic account.

Corporations don't need to hoard money because viable businesses can always raise more. The exception is unforeseen systemic problems like this, but even they aren't really exceptions, the issue then is that everybody needs to borrow money at once and there aren't enough creditors which requires a policy change to make a sufficient amount of credit available.

[tick_tock_tick]

It was such a problem in the past we added laws around it https://www.investopedia.com/terms/a/accumulatedearningstax....

[toast0]

> there are a bunch of dumb tax rules that already allow taxes to be avoided as long as the money isn't repatriated

I think that was just in the US; but the Trump tax changes got rid of global taxes on US companies, payable on repatriation and replaced it with essentially a minimum tax on global income, payable immediately, but credited by foreign taxes paid; plus a different rate on US income.

IIRC, the global minimum rate is about 10%, and the US rate is about 20%, and there's probably some progressivity, so those are the top marginal rates, but this isn't tax advice.