REFERENCE: Clause 16-4 - The Restriction on Repatriation (Part II)

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The following references are associated with The CURD Plan: » The Plan » Point 16: The Asset Concessions » Clause 16-4: The Restriction On Repatriation

NARRATIVE

https://americansfortaxfairness.org/tax-fairness-briefing-booklet/fact-sheet-offshore-corporate-tax-loopholes/

Many U.S. corporations use offshore tax havens and other accounting gimmicks to avoid paying as much as $90 billion a year in federal income taxes. A large loophole at the heart of U.S. tax law enables corporations to avoid paying taxes on foreign profits until they are brought home. Known as “deferral,” it provides a huge incentive to keep profits offshore as long as possible. Many corporations choose never to bring the profits home and never pay U.S. taxes on them.

 

PICTORIAL