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0 pointscomrade12348d ago0 comments

Multinationals are disincentivized to send revenue back to the USA because they are taxed twice on it - they're taxed in the country it was earned in and they're taxed again in the USA as income because they are essentially completely different companies.

Trump had a tax holiday in his first term where companies were allowed to send revenue back to the USA without being taxed. If I remember correctly apple sentt back billions and used it for stock buybacks.

So money earned outside the USA rarely makes it back.

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b40d-48b2-979e8d ago

Money usually stays in the community where it is paid. Even within the US, local businesses keep something like 80% of the money local in the community (spent at other local businesses or banks, city taxes, etc.), meanwhile buying from a chain store has most of the money shipped to some tax haven in Texas or Arkansas.

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