re: #488 Obdicut

I’m sorry, but the ‘then they’ll just offshore all their money’ argument doesn’t go anywhere with me, since the government could also pass laws ensuring that no, they couldn’t. In addition, investment in American companies is still, economically, more worthwhile than investment in most other places. There is not an infinite universe out there for investors to choose from. It is true a lot of companies are playing the trick of incorporating elsewhere while doing most of their business here, but that doesn’t mean we should simply lower taxes until they’re at the level of the Cayman Islands.

Well let me assure you they can.

The top one thousandth knows how to set up corporations overseas, do chargebacks and cross licensing to move costs around and have transactions land in the jurisdiction most favorable. They already do it and have been for twenty years. Computers just make it all faster.

Thing is, we are one of the most favorable jurisdictions. So is the Netherlands which is why they get some of that windfall.

The Cayman island schemes are for the plastic surgeons and divorce lawyers who just think that they are rich.