Aug 31, 2018 · 1 min read
To be fair, the US had one of the highest corporate tax rates in the developed world and us virtually unique in it’s policy of taxing profits, and wages, earned outside the United States. For example a Paris boutique owned by an American company company pays French taxes, but the US government claims the right to tax those profits too, but only if the business wants to deposit those profits in a US bank account, or invest that money in the US. That policy is the primary reason hundreds of billions in profits earned in overseas business operations are reinvested anywhere but the US.
