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by afterburner
4505 days ago
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You do realize companies make sure to game it such that they declare no profits in the US, right? And don't even care that much about repatriating it at all? And do so only when there are "tax amnesty holidays" where money can be repatriated "for free" during a short timespan? http://en.wikipedia.org/wiki/Double_Irish_arrangement |
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2. The US corporations still pay more tax than do corporations in other nations.
3. US corporations with no foreign income tend to pay ~35% after deductions (per "independent" study cited above).