So, I stumbled across this article and figured, gee, this should be simple enough. I have a lot of business experience, have a MBA, fairly intelligent person, no problem. For a while I understood it. But as more and more borders were crossed things became fuzzier and fuzzier.
I can understand this much, lots of US Corporate money is not being invested here. From this article, it appears there is a lot of money that needs to be repatriated, which can only be a good thing. The other item I understand is the tax rate. I have heard so many times about the US having the highest business tax rate. That is not good. I also hear that few if any corporations pay that rate because of the loopholes and things such as outlined in this article.
From my research and statements by some of my MBA professors, Hong Kong is simple. 19% tax on profits, no games. Gee, maybe even an 8th grader could figure that one out.
Therefore, here is another item for our do nothing overpaid congress, most of you act like you are in 8th grade, so why not make it simple enough for all of you to understand. If you can get it, I'm sure the rest of use will do just fine ...