Discover and read the best of Twitter Threads about #10Qs4Bannon

Most recents (1)

Since @billmaher + @TheEconomist were clearly out of their depth wrt tax + trade policies when interviewing the wily #ChristianNationalist #Bannon, they need our help. So here’s #10Qs4Bannon.
#10Qs4Bannon 1. Under the Trump/Goldman tax act, when do US companies actually have to pay the so-called 8-15% “repatriation” tax? Do they actually have invest in the US economy, or otherwise “repatriate” it, or do they just have to pay the tax? How much has actually come back?
#10Qs4Bannon Answer to 1. MNCs get 8 yrs to pay the 15% tax, int free, according to a fixed sched : 5% yrs 1-4, etc. They’re not req ‘d to reinvest or repatriate anything. And if they leave their offshore, they can invest tax free, since the corp tax is now “nearly” territorial
Read 23 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!