Yeah, the lack of certainty makes the subject complicated.
All this talk of reducing corp taxes to increase US global sales made a point with me that I’d never imagined. Foreign customers had been paying a significant share of our federal taxes!
Now that other nations have advanced it’s a net loss, but decades ago it was a good idea.
“All this talk of reducing corp taxes to increase US global sales made a point with me that I’d never imagined. “
I hadn’t seen that particular argument- the discussion that I’ve followed has more to do with employment and where firms have been building their factories.
They build them where the corporate tax rates are lower. And they have retained earnings from overseas divisions that they won’t repatriate to the USA because if they do it goes to taxes rather than for new plant and equipment.