Summary
J.D. Foster is correct: The repatriation tax holiday is not a stimulus ("Repatriation tax holiday not a stimulus," Economy, Nov. 30). Nevertheless, the proposed bill supporting a tax holiday would do tremendous good for the economy as a whole.
Opponents of the tax holiday argue the 2004 holiday produced few economic benefits and increased the incentive to shift income overseas. They portray large companies like Cisco as "tax dodgers." This is a misleading argument: U.S. subsidiaries operating abroad already pay corporate income taxes to their host countries. The additional tax is simply a cash grab by the United States government.See the full content of this document
Extract
Tax Holidays Benefit Economy
In fact, there's clear...
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