Reply to post: Tax holiday for big people

Tech Trump: Silicon Valley steps into the valley of unhappiness

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Mushroom

Tax holiday for big people

That's the one thing he would do that would really grind my gears.

I really loathe the cynicism implied in a) keeping offshore profits offshore, and b) borrowing against those profits to pay dividends, in the certain knowledge that every 8 years a Republican President will give them a free pass to bring the money home.

It's so well-known that this is how it happens that the Markets don't price offshore profits at a discount. They assume that they will get repatriated at a nominal rate.

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