Quote:
Originally Posted by BFT3K
So US corps hiding loot outside of the US, and not paying taxes to the US govt for this hidden revenue, helps the US economy how?
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in much the same way you getting to write off your mortgage interest does.
There should be NO corporate tax. NONE. When money is taking out of a corporation and put into the hands of a person, that money is taxed.
There is no reason (except to grab cash from the "evil corporations") to tax a corp directly.
intelligent people understand this.
what this probably would do in all cases where its possible is to drive these multinational corps completely offshore.
oh, and did you catch this?
you won't find it in the CNN story because they are a liberal mouth piece:
""""Obama also planned to ask Congress to crack down on tax havens and implement a major shift in the way courts view guilt. Under Obama's proposal, Americans would have to prove they were not breaking U.S. tax laws by sending money to banks that don't cooperate with tax officials. It essentially would reverse the long-held assumption of innocence in U.S. courts.""""