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0 pointsRetric5y ago0 comments

You’re assuming a 1:1 relationship between company country and stockholder’s country. That’s simply no longer even remotely true.

So, in practice lowering US corporate taxes is a tax break on the Saudi royal family etc and a net increase in taxes for American citizens.

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bpodgursky5y ago

The US could tax dividends and cap gains for foreign shareholders, if it wanted.

RetricOP5y ago

The backlash of foreign countries taxing both their companies and US investors would also make such a change a net loss for American citizens. By far the best option is to just raise taxes on US companies and thus lower taxes on American citizens.

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bpodgursky5y ago

The US could tax dividends and cap gains for foreign shareholders, if it wanted.

RetricOP5y ago

j / k navigate · click thread line to collapse