What will US Corporations do with their 14% Tax Windfall?
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NoCoPilot
Posts : 20158 Join date : 2013-01-16 Age : 69 Location : Seattle
Subject: What will US Corporations do with their 14% Tax Windfall? Fri Dec 22, 2017 6:55 am
That's a HUGE amount of money, assuming the corp was paying at the going rate (which few do). So it seems to me this is CRITICAL to the effects of the Republican legislation: what will the corps do with this windfall?
Bringing offshore cash home? Why would they choose to pay 15.5% on reserves when they can continue to pay 0% in the Caymans?
Investment? The long-term stability of the economy just got raped and throat-slit. Nobody's going to make any long-term investments.
Last edited by NoCoPilot on Sat Dec 30, 2017 7:15 am; edited 1 time in total
richard09
Posts : 4227 Join date : 2013-01-16
Subject: Re: What will US Corporations do with their 14% Tax Windfall? Fri Dec 22, 2017 6:08 pm
Big corporations are already doing very well, and that's exactly what they are already doing. Giving them more money means they will do more of the same. Any boost to the economy will be tiny compared to the cost of this bill.
What will US Corporations do with their 14% Tax Windfall?