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Thread: Would this help the economy

  1. #1
    Senior Member Hoosier's Avatar
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    Default Would this help the economy

    Should we have a tax holiday for repatriating money stuck offshore.

    http://www.accf.org/news.php?newsID=79

  2. #2
    Senior Member badbullgator's Avatar
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    Quote Originally Posted by Hoosier View Post
    Should we have a tax holiday for repatriating money stuck offshore.

    http://www.accf.org/news.php?newsID=79

    No need for a tax holid

    ay or anything else BHO is here

    Views and opinions expressed herein by Badbullgator do not necessarily represent the policies or position of RTF. RTF and all of it's subsidiaries can not be held liable for the off centered humor and politically incorrect comments of the author.
    Corey Burke

  3. #3
    Senior Member Franco's Avatar
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    quote
    Roughly a half--trillion dollars is sitting overseas in the foreign subsidiaries of U.S. companies. That's right good old-fashioned cash the antidote to our current widespread plague. A study conducted by economist Allen Sinai for the American Council for Capital Formation found that $545 billion in foreign-earned income could be attracted back to the United States. Since many tech companies make half or more of their sales overseas, repatriation is a top priority of the Silicon Valley Leadership Group.

    So, what's the problem? Our government imposes a 35 percent tax on income earned overseas that U.S. multinational companies must pay to bring the money back home.
    quote

    According to the Wall St Journal on-line, more businesses will be moving out of the USA and keeping thier money in other countries/offshore accounts because of the hostile business environment created by Obomonomics!
    Collecting more taxes than is absolutely necessary is legalized robbery. Calvin Coolidge



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