Quote:
Originally Posted by NewNick
Absolutely.
This is money stashed away in off shore tax havens. How do you think it got there ?
Revenues generated outside of the US in zero tax circular corporate structures.
Starbucks, Google, Facebook, bla bla, all of them generating vast sums in Europe and paying virtually zero tax because their ultimate tax jurisdiction is so vague.
So Trump lets then bring it into the US. No questions asked, zero fucks given.
This is money that should have helped to support the social systems where it was plundered. The free affluent societies that create an environment in which the multi nationals flourish need tax revenues or they will fail. So if Corporate giants put a bit back the social systems are properly funded relieving the burden from the citizens.
Or not, and the poor get fucked again.
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Like it or not, most of the money was fairly made via tax loop holes and the fault of that was the countries it had been made in, but it was a double scam because they managed to rip off the American tax payer bringing it back thanks to Trump who then a month later increased borrowing from China to run the country. The VAST majority of American businesses bring their money back, pay what tax is owed and lead good lives.... But not these fucks, and Trump gave them a get out of jail free card, at the expense of the American tax payer.
There was no negotiations, he could of attached numerous clauses to it the most obvious using that cash to fund infrastructure building.
But nadda, Then next thing Trump was blow-harding that Apple was going to spend a billion on a new factory, whoopppe!@ they brought back an estimated 260 BILLION.
The billion offered for that factory was like a bad tip for a lame politician, and the red hats ate it up not realizing they're ones funding it... and their kids, and their kids and their kids.