Here is a graphic explaining how multinational companies take advantage of international tax laws.
Time to lower domestic corporate taxes?
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US should have a flat 12.5% corporate rate with no exemptions and loopholes
I am in support of lowering domestic tax rates...might be counterintuitive but it would actually likely raise corporate tax revenues. With our max corp tax the way it is we give countries way too much incentive to move operations overseas to take advantage of their systems.
@UFO, glad you found this helpful.
There are definitely issues that need to be addressed. Your solution, UFO?
Who gets screwed? The middle class. Anyone making between $30K and +/- $300K. Strang part is that they're 80% of the country. When that demographic asserts itself, everything will fall into place.
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