To: Drill Thrawl
Dont forget the 81 BILLION dollars they have in overseas banks. Such evil, evil profits. Which they WANT to bring home, so they can invest that money in the US of A... and can't because of confiscatory taxation policies on already taxed money!
To: Swordmaker
Which they WANT to bring home, so they can invest that money in the US of A... and can't because of confiscatory taxation policies on already taxed money!
None of the tech companies want to bring their money back to the US as long as they automatically lose 35% at the border.
I read somewhere that if the top 10 tech companies were to all bring their overseas money home to the US, they would collectively lose $100 billion at the border to the federal government. You'd have to be an idiot to toss that much money away on taxes - better to let it sit overseas.
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