Tax bill

[Giantone]

Originally Posted by Schneed10

Example. Firm currently pays 100 in taxes to China, and 20 in the US.

Now with the new rate, the firm shifts its base to the US. Now the 20 it was paying to the US goes down to 12, it stops paying the 100 to China, and instead pays 80 to the US.

Add that up. Before, corporation paid 120 in total. Now it pays 92.

Before, the US collected 20. Now it collects 92.

Corporation benefits, US benefits, China loses. This is a simplified illustration but that’s the concept.

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