our corporate tax rates as I understand it are second highest in the world. That is offset by the fact that they are riddled with loopholes and deductions.
We really need to eliminate special loopholes and deductions and then reduce corporate rates.
Having a large spread between US and offshore tax rates obviously gives an incentive for US corps to move factories and such overseas, rather than to export from the US. I don't see any reason to have incentives for that behavior.
Reduce all of the paid for deductions and bring rates down. Simplify.
We really need to eliminate special loopholes and deductions and then reduce corporate rates.
Having a large spread between US and offshore tax rates obviously gives an incentive for US corps to move factories and such overseas, rather than to export from the US. I don't see any reason to have incentives for that behavior.
Reduce all of the paid for deductions and bring rates down. Simplify.