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Finding new sources of revenue is a top priority for the happy-go-spendy Congress. But one taxation option that could have caused U.S. companies to cut millions of jobs just got taken off the table – for now.
That option would have reversed a longstanding U.S. tax exemption for U.S. businesses that operate branches abroad and don’t bring those profits back stateside
If the tax exemption were reversed, business owners could simply relocate their base operations abroad to avoid paying up – if they didn’t, they could risk losing a competitive advantage to foreign competitors...
Anti-Business Tax Proposal Goes Down
Gee Lil, didn't you leave out the word white. The only thing libs hate more that successful businesses is successful white business men.
If he "cleverly" avoids the tax, I assume it would be legal. I say let him go to the country club. The country club hires many, many people (sometimes even those illegal aliens you libs love so much). Let him buy large ticket items, because that puts even more people to work....