Kasz216 said:
Define didn't... because... well he doesn't. He wants to tax local mulitnationals more... in a revenue nuetral way that won't actually raise taxes overall. Either way... Mitt Romney actually has a tax plan that will raise taxes on foriegn multinationals. A territorial system... like most countries now a days have to get stricter on multinationals. One that democrats agree with... Meanwhile, Obama's tax plan doesn't really come in to effect until the money is repatrioted. Which it doesn't have to be until the company plans to use it... and can be saved up for when the government gets desperate and offers "Repatritoin tax breaks" or just be used to improve buisnesses overseas. It can all be stashed in hidden bank accounts and stuff until then... kinda like... well this article.
There are only 5 OCED countries with coporate Tax plans like the US. Mexico, Ireland, Korea, Chile and Poland. Outside Korea... not the most enviable bunch. |
Interesting, so nobody has yet proposed that America should be taxing foreign multinationals that do business in the US? C'mon there has to be something.
Still, I don't like that Romney has money in the same places as the OP article. Really doesn't make me think any better of him. I like his tax plan, though.
