SproutThe law of unintended consequenses...Tue Jun 26, 2012 5:54am18.104.22.168If you run a business that does business in 20 different companies, do you think you should have to pay income tax on ALL your profits to EACH of those countries? You do realize that will mean your total income tax rate is WAY more than 100%.
And if you choose to do this theoretically only for companies that are HEADQUARTERED in the US, all you do is guarantee that those headquarters move somewhere else further REDUCING the taxes you can get from them.
- What about changing the code Gateway, Mon Jun 25 3:10pmto have companies pay taxes as they earn profits overseas rather than wait for repatriation to the U.S. and the special tax breaks oil companies recieve. Don't forget church's tax breaks.
- The law of unintended consequenses... Sprout, Tue Jun 26 5:54am
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