UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next
Author: pauleckler Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76390  
Subject: Re: Growing Trend to Become Foreign Corporations Date: 6/17/2014 11:17 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
One of the reasons the US tax code is so complex is that Congress is always eager to take up a new tax bill. Many corporations and individuals have a point of view and will take the opportunity to seek changes that favor their interests. That results in much interest in Congress and its members and feeds their campaign contributions funds nicely.

But the issue is always the same. If you make a major tax cut for corporations, how do you make up the reduction in tax revenue? Who pays instead? Or do you simply continue borrowing more money (or print more dollars to pay the bills).

This always means a big fight in Congress. Obviously some powerful forces are trying to make corporate tax reform a major issue that should be addressed by Congress. But mostly, they want lower taxes for corporations. Ie, more loopholes.

Closing existing loopholes to pay for the change is often cited. But will those changes actually happen, or will they get trimmed as the tax cut bill goes through all the hands who must handle it?
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Dividend Growth Investing

Good Time for Dividend Champions?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement