One of the most important objectives of the Made in America tax plan is to reduce incentives for the offshoring of American jobs while also limiting the ability of corporations to take advantage of corporate tax loopholes to shift their profits to low-tax jurisdictions.
the plan will raise the corporate tax rate from. 21% to 28%, and the eliminate exemption of the guest 10% of foreign profits.
TLDR: we will incentivize corporations to on shore assets by taxing them more and also taxing their foreign assets more.
Sounds like you’re asking them to just leave entirely???? Wtf is this shit???
The Made In America Tax Plan, U.S. Department of the Treasury, April 2021, p. 4 (I think), https://home.treasury.gov/system/files/136/MadeInAmericaTaxPlan_Report.pdf
TLDR: we will incentivize corporations to on shore assets by taxing them more and also taxing their foreign assets more.
Sounds like you’re asking them to just leave entirely???? Wtf is this shit???