Quote:
Originally Posted by Giantone
See this is the difference between you and me.While I do believe you believe that what you have posted is 100% accurate ,I believe in your example that the Firm will stay in Chine due to Labor cost and not taxes .It is why many CEO's have admitted the tax bill break will be use to pay dividends to investors's " not to create jobs".
Example, Tax rate goes down but trump and daughter Ivanka still will have their clothing line made in China,nothing has moved back to the United States but trumps company make more money.
Found this and it was interesting ........
http://www.igmchicago.org/surveys/tax-reform-2 |
Oh my God. Honestly, you're either too stupid, too ill informed, or possibly both, to continue with this conversation.
When companies say they won't bring the money home, they don't mean they would physically move their operations out of China. It means they will route their profits through the US instead of China. In my Apple example, when did I ever say Apple actually makes its iPhones in Ireland?
Physical assets will not move, but the money will. This corporate tax reduction is not about creating jobs, it is about making sure that profits generated actually get taxed by the US. It creates tax revenue, not jobs.