Austin Hansen

3 years ago
The fact that this proposal is neither a territorial or worldwide corporate tax system solves two problems: it limits 1) the incentive for US corporations to transfer profits and production overseas and 2) the incentive for corporations to invert. While I know many individuals may not like the principle of foreigners not paying taxes, I personally am in favor of this policy. My hope would be that this zero tax on foreign investment would incentivize more investment in the US and in turn increase the broader income tax pool. This, perhaps, could make up for the loss in revenue in the long run. Would it be possible to estimate this increase in investment? Overall, I would be in favor of this plan. This would make the US more competitive in attracting foreign investment and prevent corporate inversions. Given the fact that the IRS collects nearly $3 trillion a year, I think this potential increase in economic activity/investment is worth the initial $150 billion loss in revenue. See more

Austin hasn't commented yet.

3 years ago
The fact that this proposal is neither a territorial or worldwide corporate tax system solves two problems: it limits 1) the incentive for US corporations to transfer profits and production overseas and 2) the incentive for corporations to invert. While I know many individuals may not like the principle of foreigners not paying taxes, I personally am in favor of this policy. My hope would be that this zero tax on foreign investment would incentivize more investment in the US and in turn increase the broader income tax pool. This, perhaps, could make up for the loss in revenue in the long run. Would it be possible to estimate this increase in investment? Overall, I would be in favor of this plan. This would make the US more competitive in attracting foreign investment and prevent corporate inversions. Given the fact that the IRS collects nearly $3 trillion a year, I think this potential increase in economic activity/investment is worth the initial $150 billion loss in revenue. See more

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