Re:To Understand the Benefits of Tax Reform, Start by Unders...
by valuearb on Thursday November 09, 2017 @03:12PM
(#15665482)
They don’t have free reign to report income where they want, everything has to be justifiable to accountants and tax auditors.
The US already taxes corporate worldwide income. Eliminating the deferral would cause every US multinational corporation to move its parent company overseas. The tax advantages would be humongous.
The US already has the worst corporate income tax structure, not only one of the highest rates, but also taxing worldwide income. We should be making it better to attract more capital/jobs, not worse.
The US already taxes corporate worldwide income. Eliminating the deferral would cause every US multinational corporation to move its parent company overseas. The tax advantages would be humongous.
The US already has the worst corporate income tax structure, not only one of the highest rates, but also taxing worldwide income. We should be making it better to attract more capital/jobs, not worse.