Fletcher Karper

3 years ago
I am strongly in favor of the purest version of this plan, however I do believe that in order to move in the right direction it is necessary to move incrementally and be pragmatic. One thought I have about the plan is the effect this transition will have on companies that are already accustom to operating overseas or that already have a charter in another country with a 0% corporate tax rate for example. A middle ground 'competitive' rate as some suggest, even of 15%, may not be sufficient in drawing certain strata of business and investment back into the domestic economy. Would there be room in the proposal for a certain incentive for drawing corporations back into the US, as is the original purpose, if the plan does eventually come to fruition in the middle ground? Such an incentive may be to increase the tax liability on dividends and capital gains of corporations that are registered and/or book profits abroad. This however complicates things by straying from the normal rate on financial assets and may likely prompt pitfalls similar to tariffs. See more

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3 years ago
I am strongly in favor of the purest version of this plan, however I do believe that in order to move in the right direction it is necessary to move incrementally and be pragmatic. One thought I have about the plan is the effect this transition will have on companies that are already accustom to operating overseas or that already have a charter in another country with a 0% corporate tax rate for example. A middle ground 'competitive' rate as some suggest, even of 15%, may not be sufficient in drawing certain strata of business and investment back into the domestic economy. Would there be room in the proposal for a certain incentive for drawing corporations back into the US, as is the original purpose, if the plan does eventually come to fruition in the middle ground? Such an incentive may be to increase the tax liability on dividends and capital gains of corporations that are registered and/or book profits abroad. This however complicates things by straying from the normal rate on financial assets and may likely prompt pitfalls similar to tariffs. See more

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