Quote:
Originally Posted by OneHungLo
Why do you keep referring to this overseas cash as booty or dirty money?? These are multinational corporations headquartered in the United States. They pay whatever taxes they have to by law in whatever other country they are operating in, and now they are able to bring home these profits at a reasonable tax rate back home to the US.
So why exactly do you keep referring to these profits as ill gotten gains?
PS - the money they are bringing home this year is more than Australia's GDP and half of Tommy boy's.  U mad?  |
You seem to think that this is last years income from somewhere, much of the money has been sitting there for decades, Two-thirds of it is held by 8 companies, most in US securities and bonds.. much of it gained via tax haven tax loop holes.
You the American public were owed 35% tax on that, Trumps dropped it to 15% and said bring it back no questions asked. There were not deals, no negotiating just here's a big fat tax payer carrot to suck on, no conditions attached at all.
you the tax payer got played for the sake of a dozen companies...