Ka-pi96 said:
That... doesn't make any sense at all. |
What doesn't make sense. Many companies and millionaires/billionaires invest their money or have their "corporate" headquarters in some country that has low taxes. Those countries are making money hand over fist doing nothing but simply having lower taxes.
If the U.S. lowered it's corporate tax rate, then some of those companies would come to the U.S. or not leave the U.S.
There is another thread right now about how Apple is worth a trillion dollars now. I'm not sure on them right now, but I do know they used to do that very thing. Keep their "headquarters" basically in another country so that they paid very little taxes in the US. So because of our high corporate tax rate, we are missing out on the tax of a trillion dollars.







