Quote:
Originally Posted by MrBaldBastard
Its not blind hate, your the one who should see blind hate in the way this was done.
Companies still make money overseas but they just have income now not the accumulated pirate loot Trump's let them bring home.. no strings attached. The tax due on that was your money.. the American publics money, and Trump gave them a free pass where there was no need, just a few dangling carrots would of done it.
If you can't see that.. your blind.
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i can not 100% agree with you in this point.
actually this was the one and only smart thing trump has ever done.
and he did nothing else than many other countries are doing because no company want to pay tax twice.
you should keep in mind that the profit they made in this countries is already taxed there. if they bring it home and have to tax it again on a high rate it is truly unfair.
but that doesn't mean that this spring keeps bubbling up at this altitude. here only money returns that was earned in decades and that's exactly how long the mountain has grown.
in the coming years this will not only be much less but is an incentive for companies to relocate production abroad - pay very little tax there and return the money to the USA for 10%.
whose jobs do you think will suffer?