Galt's Gulch

H.R. 4464

Posted by Zach055 10 years, 5 months ago to Legislation
2 comments | Share | Flag

This bill may look harmless, but I have a feeling that it will have major implications in the near future if it is passed.
SOURCE URL: http://www.cbo.gov/sites/default/files/cbofiles/attachments/hr4464.pdf

Add Comment

FORMATTING HELP

All Comments Hide marked as read Mark all as read

  • Comment hidden by post owner or admin, or due to low comment or member score. View Comment
  • Posted by Robbie53024 10 years, 5 months ago
    An attempt to grab money from the foreign holdings/sales of companies that also do business in the US. My guess is that it won't matter whether they are HQ'd in the US or not, if they have any business dealings in the US, they will be subject to this tax treatment. And yes, you are right, it will have major implications and will serve to sever international trade.
    Reply | Mark as read | Best of... | Permalink  
  • Posted by khalling 10 years, 5 months ago
    It is so ridiculous. I remember when Coke wanted to integrate it 's Indian operation back into the US based company, the way our laws are set up there would have been a huge tax penalty for doing that. Basically we are so unfriendly to companies from a tax perspective we even slap them away with fines for trying to come back to US soil. They don 't seem to care about the loss in revenue (I hate that word for taxes) or they are financially stupid or both.
    Reply | Mark as read | Best of... | Permalink  

FORMATTING HELP

  • Comment hidden. Undo