The real answer to all of this is scrap the corporate tax rate entirely. It’s only 6% of the total revenue the government takes in anyway.
The main payers are not these large corporations, it’s the little guy who can’t retain earnings year over year without paying that statutory rate. The little guy doesn’t have offshore entities and transfer pricing. And these little guys are 75% of corporate tax receipts!
Scrap the whole thing and this shell game disappears.
The main payers are not these large corporations, it’s the little guy who can’t retain earnings year over year without paying that statutory rate. The little guy doesn’t have offshore entities and transfer pricing. And these little guys are 75% of corporate tax receipts!
Scrap the whole thing and this shell game disappears.