Well you don't have it straight, as usual. This is an article about low income taxes being beneficial. Just imagine how beneficial NO income taxes would be. BTW, still waiting for your legislation.
Except for that part in the bill about withholding 23 percent of the income of foreign corporations...
From non-resident alien corporations. Are we gong to worry about them now?
“Except for that part in the bill about withholding 23 percent of the income of foreign corporations...
If you want to create a tax haven, then you HAVE to worry about them. The whole point of a “Tax haven” is to attract foreign capital investment, so hitting them with a 23% tax blows that idea right out of the water. Why would they invest here when Ireland and other places would tax their investment profits at much lower levels ? This residual income tax is one of the many bizarre sections within HR25. It is directly contradictory to the claims of the proponents that the US would become a tax haven.
From non-resident alien corporations. Are we gong to worry about them now?And individuals. So no tax haven.