ST Alpha - ""Second, Mr. Cain would eliminate all taxes on profits earned by multinational corporations outside the United States."" (Reading a Post)

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"Second, Mr. Cain would eliminate all taxes on profits earned by multinational corporations outside the United States."

Posted by Will Hunting (aka JoeMetz) Oct 11 '11, 07:17

wouldn't this just accelerate the outsourcing of jobs and operations?

Responses:

The idea there, I believe, is that companies are already avoiding that tax by just not bringing their profits back into the US and investing in other countries instead. - Ender Oct 11, 07:22 4
- Only if you ignore the underlying issues that caused the money to go overseas in the first place. - Will Hunting Oct 11, 07:27 1
  - Those issues would still be there, so why would you want to add an additional cost to doing work in the US? - Ender Oct 11, 07:31
- "if they were brought back" HA! -- nm - lileve Oct 11, 07:26
- I'm impressed you got through that sentence without laughing. -- nm - Reagen Oct 11, 07:24
Is this guy for real? - keep on with that please - Epiphany Oct 11, 07:19
Ugh. Your IM: Yes. -- nm - lileve Oct 11, 07:19

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