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This is why we need tax reform NOW!!!!!!

#26

(09-27-2017, 02:42 PM)StroudCrowd1 Wrote:
(09-27-2017, 02:40 PM)TJBender Wrote: "Any company that moves its corporate headquarters from the United States to a foreign country shall be required to pay an exit tax of 50% on all gross revenue for that year. Any foreign company that takes in more than 25% of its gross revenue from the United States shall be required to pay a 25% tax on all revenues originating in the United States."

Doesn't seem hard to me. Write it in two sentences, plain text, with zero loopholes.

"Corporate headquarters" could easily be manipulated. I'm not saying I disagree with you that they shouldn't be taxed, but saying they would find loopholes no matter how "plain text" it is.

If "corporate headquarters" is manipulated in such a way that they stay in the US, cool. The goal here isn't to be punitive, it's to make corporations think twice about getting a major price-fixing loophole built into law for them (Walgreens) then running overseas shortly thereafter so they can milk their new loophole and not pay taxes on it (Walgreens).
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RE: This is why we need tax reform NOW!!!!!! - by TJBender - 09-27-2017, 02:44 PM



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