Eliminate the Corporate Tax

Funny how you can write and write about an issue, but until it affects one of the U.S. corporate darlings, no one wants to hear about it.

You can argue endlessly about how many U.S. corporations take advantage of the current U.S. tax laws that allow them legally to move profits offshore, which allows them either to defer or eliminate U.S. taxation. You can also take the so-called “moral high ground” and castigate people like Donald Trump for using the same tax laws.

Then we hear that the reason the poor corporate darlings like Apple do this is because the U.S. corporate tax rate is the highest in the world. It has been suggested that we lower the tax rate paid by such corporations. It is said that this will reduce the incident of corporations pushing their profits offshore.