Explain to me why the corporations would bring that money back to the U.S. and pay a 10% tax on it when they can leave it offshore and pay 0% tax?
“Explain to me why the corporations would bring that money back to the U.S. and pay a 10% tax on it when they can leave it offshore and pay 0% tax?”
Because we will shut them down and seize their assets if they don’t.
Becasue they are American corperations. They don’t bring it back now because the rate is 35%. I don’t think Carl Icahn and Trump are in lala land on this.
What corperations have offshore operations where corperate tax rates are 0%??
https://en.wikipedia.org/wiki/List_of_countries_by_tax_rates