The new forums will be named Coin Return (based on the most recent vote)! You can check on the status and timeline of the transition to the new forums here.
The Guiding Principles and New Rules document is now in effect.
Tax Breaks for Outsourcing?
nosnibor
Registered User regular
Registered User regular
This is more of an informational question, otherwise I would have gone to D&D.
One of the things I hear Democratic candidates talking about is:
"Getting rid of tax breaks for companies that ship jobs overseas."
My question is, are there specific tax breaks that encourage the practice,
or
are the candidates proposing that tax breaks companies currently have be revoked if they ship jobs overseas?
To word it better, would this be a preventative measure (to remove incentives for moving), or a punitive one (stick it to companies that do this?)
Not that it affects my view on the issue, I just have always been somewhat confused by the phrase.
Also, if you know the answer, please cite if possible.
One of the things I hear Democratic candidates talking about is:
"Getting rid of tax breaks for companies that ship jobs overseas."
My question is, are there specific tax breaks that encourage the practice,
or
are the candidates proposing that tax breaks companies currently have be revoked if they ship jobs overseas?
To word it better, would this be a preventative measure (to remove incentives for moving), or a punitive one (stick it to companies that do this?)
Not that it affects my view on the issue, I just have always been somewhat confused by the phrase.
Also, if you know the answer, please cite if possible.
When you're a spy, it's a good idea to give away your trade secrets in a voiceover on a TV show.
nosnibor on
0
Posts
A simple "tax breaks for outsourcing" google search got a more satisfactory answer than this thread has yet to offer.
http://techpolicy.typepad.com/tpp/2004/03/tax_breaks_for_.html
US companies can defer/never pay taxes on foreign profits...which is ridiculous, given how zealously we extend foreign income taxation for US nationals
The tax incentives would be in the foreign country that the company moves to though. So I would also be curious as to the tax breaks within the U.S. that companies would still be getting.