mrstickball on 03 December 2016
The US has one of the highest corporate tax rates in the Western world. Jobs get outsourced not (just) because its cheaper to hire/work in other nations, but because whatever they do make, gets taxed. Thus why corporate inversions and loopholes are so popular.
Hopefully he reduces the corporate tax rate to 15% as he promised. I would imagine quite a few scenarios where jobs come back to the US, and/or stay here instead of moving overseas.
I always love how people bemoan "The loss of tax dollars" because of deals/cuts made... Guess how many millions more get lost if 100% of the jobs leave? Tax breaks for businesses to locate to a specific area are always offset by the increase of income and other taxes.
Back from the dead, I'm afraid.
