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Trump Tax Plan REVEALED!
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Quote:A significant revenue gain would come from a one-time tax on overseas profits that could encourage U.S. multinational corporations to return an estimated $2.1 trillion in cash now sitting offshore, largely to avoid U.S. taxes. His proposal would impose a mandatory 10% tax on all of that money, even if the money stays overseas, but allow a few years for the tax to be paid. The Trump campaign estimates that many companies would choose to bring their money back home, boosting jobs and investment in the U.S.This sounds nice, but similar things have been done before and it didn't lead to more jobs. It mostly resulted in companies buying back their own stock. |
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The Jungle is self-supported by showing advertisements via Google Adsense.
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