vivster said:
The crackdown from the EU and very likely more hidden deals for future tax breaks surely have nothing to do with this. But yet again people only look at initial big numbers. 350bn over 5 years is nothing. There will be deals with the states that will make them more than twice of that back to the detriment of tax payers, I guarantee it. The tax breaks and incentives some companies get to settle in the US are outright disgusting and will swallow up any tiny contributions like laughable 350bn over 5 years. The US, thanks to lackluster regulation and gigantic tax breaks is already a haven for big companies compared to other developed nations. The issue is just that there are a few percentage points more profit to be made in 3rd world countries. But it's just not feasible for big nations like the US to try and compete with those places and will only hurt the country in the long run. Unless of course the US aims to become one of those "shithole countries" where people have to work 16h a day for laughable minimum wages that barely keep them above the poverty line. |
The U.S. reduced it's corporate tax to similar levels as the EU and companies are coming back. It's that simple. 350 billion is not chump change.
