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#11 | |
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A Dude
Join Date: Feb 2005
Location: Newtown Square, PA
Age: 46
Posts: 12,458
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Re: Tax bill
Quote:
When companies say they won't bring the money home, they don't mean they would physically move their operations out of China. It means they will route their profits through the US instead of China. In my Apple example, when did I ever say Apple actually makes its iPhones in Ireland? Physical assets will not move, but the money will. This corporate tax reduction is not about creating jobs, it is about making sure that profits generated actually get taxed by the US. It creates tax revenue, not jobs.
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