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View Diary: 'Fix the Debt' operates as a front for corporate tax breaks and cuts in government social programs (127 comments)

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  •  MB - I struggle with two issues (1+ / 0-)
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    nextstep

    All or nearly all of the G20 taxes on a territorial basis, so we are the outlier. The other is that when companies have all this cash abroad they can invest overseas with 100 cent dollars, but if they bring it home they invest with 65 cent dollars. As any of us who have done ROI modeling for investment, expansion, or capital spending knows you can't overcome that differential and make US investments competitive. I also think none of the companies will ever bring the cash back at a 35% tax. So what is 35% of zero really worth?

    "let's talk about that"

    by VClib on Wed Nov 14, 2012 at 08:08:23 PM PST

    [ Parent ]

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