Would Another Corporate Repatriation Tax Holiday Create Jobs? (Spoiler Alert: No)
Submitted by Michael Shedlock via MishTalk.com,
Donald Trump wants to lower the corporate tax rate on foreign profits from 35% to 10%.
Would another tax holiday create jobs?
The New York Times says “Not Necessarily”
President-elect Donald J. Trump has said he would like to create a “tax holiday” so that American companies can bring back profit that was generated overseas at a lower rate. In his view, this influx of cash will create jobs.