Quote:
Originally Posted by Paul Markham
US corporations rely on the West for sales. We need to tell them that if they want to make abroad and sell in the West, then transfer profits to a tax haven. They will be closed from selling in the West.
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most western brands would go under in such a scenario...
for example an Iphone would cost say $2000 to be made in the USA and that indian phone is just 4$...
how much tax do you think you could impose on the indian company to protect apple, without hurting trade agreements with the world? 200% tax on 4$ is like 8$...so the india phone would be 12$ instead of 4$ but US goods abroad would probably be met with the %200 tax too...not probably but definitely...
you can protect domestic production only at the cost of screwing over your own exports...