Quote:
Originally Posted by MrBaldBastard
The VAST majority of that money was acquired by tax loopholes in other countries like Australia that "mostly" have been plugged. It was a one off event, that will never be repeated, sure companies can still bring cash in with what trickles in, but the piggy banks been smashed.
I've yet to see this cash win mentioned in any US Government reports, its all been added in as if been business as usual this year, where its not, there was a one off trillion dollar cash injection that isn't coming again.
As soon as the USA dropped tax rates, panic flew around business in Australia with calls for our Government to reduce rates the same, the main arguments were investment wouldn't come in and multinational companies would pull out and head to the USA.
However...
What's been found is investment has not slowed and no businesses have moved to the USA. There's still call to lower our rates, but they can't use that argument anymore it's been debunked.
ie YOU the American public got played.
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I'm happy to be the one to break the news to you that based on your post, YOU are the ones who got played.
and you must be naive to think countries no longer offer [tax] law incentives to setup in their country. Just look at Volkswagon, audi, Mercedes in eu, they're setting up in countries that look the other way about their cheating pollution laws with their defeat devices.