Nick Shaxson ■ On using tax holidays to ‘pay for’ stuff
From Jaimie Woo in the Huffington Post:
“A strangely popular proposal would give companies a temporary tax holiday, letting corporations bring back their money on paper, or “repatriate” it at an extremely low tax rate, thereby encouraging more corporate tax dodging in the future. The most ridiculous part? Some Members of Congress want to use this tax break that costs money to “pay for” badly needed infrastructure investments. How does that even make sense?“
Our emphasis added. Indeed. A good generic question not just for the United States, the subject of this particular article.
Related articles
The fiscal social contract and the human rights economy
29 April 2024
The IMF’s paper on opaque bank ownership is fully aligned with our beneficial ownership policies
🔴Live: UN tax negotiations – First Session
What to know and expect ahead of this week’s UN tax negotiations
The secrecy enablers strike back: weaponising privacy against transparency
Privacy-Washing & Beneficial Ownership Transparency
26 March 2024