Do you think that the government should levy a minimum tax on overseas corporate profits as part of reform?
Do you think reforming the corporate tax code should include a minimum tax on overseas corporate profits? And do you think there should be a lower rate for manufacturing in the US? All told; should these be done to close any advantage to moving operations overseas? ObamaMan, under Obama's plan GE would not abe able to do that.
Asked By: - 8/28/2012
Best Answer - Chosen by Asker
There should be a confiscatory tax on any and all goods and services that originate outside of the U.S.A. and that ***includes*** goods and services that are "called" made in U.S.A. just because the facility that is located in a foreign country is owned by a U.S. corporation. (I personally know of at least one mega-... More
Answered By: Chronos - 8/31/2012
Additional Answers (10)
I think GE Corp that made most their profits in China should have paid a tax, they paid NO TAXES- and got Tax dollars making over 14 BILLION IN PROFITS! Since Oblamer took office and hired Immelt as his Job Czar they shipped thousands of jobs to China for GE Corp... More
Answered By: ObamaManipulatesU - 8/28/2012
Answered By: AverageJoe - 8/28/2012
Democrats and taxes, GOOD GRIEF!!! VOTE OBAMA OUT!!!
Answered By: ellisdee - 8/28/2012
They sound like a good idea, but China has always threatened to increase Tariffs on our goods in retaliation. Do you want to tax goods which are produced and sold overseas?
Answered By: Stereotypemebecauseyouknow - 8/28/2012
There is already a tax to repatriate those profits and invest them in America. Rather than lose the 30% our foreign subsidiaries invest someone else. Foreign subsidiaries operating in other countries pay taxes there not here.
Answered By: Joe in texas - 8/28/2012
Pretty sure they already do. That's why we keep hearing about all this money the corps are keeping offshore, because if they bring it back, it will be taxed... More
Answered By: Uncle Pennybags - 8/28/2012
Just make the no(or lower tax) depepndent on moving manufacturing operations to the US. Tax the ones using overseas manufacturing enough and they will bring the manufacturing here to save money.
Answered By: scrapiron.geo - 8/28/2012
Then other counties will do the same just like with some of the trade tariffs that are talked about. Punishing a Company for growing and expanding it's Consumer base is wrong. We want companies to want to come and stay in the US, that means a company friendly environment. We can't lower manufacturing cost in the US... More
Answered By: y - 8/28/2012
We have tax treaties that prevent us from discriminating against foreign corporations (US ones always form overseas subsidiaries to take advantage of this.) But there is no law against requiring dividends and gains to be taxed at a higher rate, including gains tax as preference items for Alternative Minimum Tax, and... More
Answered By: brucec83 - 8/28/2012
"Goods sold to China",....What ..Kentucky Fried Chicken... More
Answered By: zuma - 8/28/2012
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