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If US companies move their jobs overseas , it will be highly profitable for the company owners, not for the US government.

According to a study estimated $2 trillion in overseas profits generated by U.S. companies that are not repatriated, or returned to American shores.

Policymakers have noticed that companies make money in foreign companies but avoid having to pay federal tax on that income, which robs the U.S. Treasury of revenue.

As companies grow overseas because of the tax advantage, they create jobs in countries like Singapore and Spain – jobs many critics believe would otherwise be created domestically.

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maroof

Lvl 6
4y ago

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