[dark_lord]

Yes, there is an issue on companies paying taxes on goods made here and sold overseas. The normal response is that they build a factory overseas near their market and sell there. This reduces shipping costs and can make them more competitive anyway. Does that cost some US jobs? Yes, while making the company more competitive. But this is not the kind of situation that concerns me. I am more concerned with a situation like Accenture.

Accenture is a multinational consulting firm. However, they do a ton of business in the US. By incorporating in Bermuda they avoid the US taxation structure, yet make BILLIONS of dollars doing services in the US. One can argue that we should dump the corporate income tax structure entirely, but until we do, in effect Accenture is benefiting from the US infrastructure but avoiding paying for it.

[Dr Warmoose]

Accenture is benefiting from the US infrastructure but avoiding paying for it.

Do you really think that BMW, Daimler, Rolls Royce, Honda, Toyota and everyone else didn't pay any taxes for the business they did here? And while they made huge untaxed profits in the US they built factories here so they could be taxed on everything?

Accenture pays taxes on all profits made on work in the US. If it was not so, then my off-shore company would not be paying taxes on every dollar that is earned here.