Understanding the President’s international tax proposal
6 May 
9 Comments
Let’s look at three factories, each of which produces $100 of income.
Your factory A is in the U.S. Your corporation pays a 35% U.S. corporate income tax rate ($35).
Your factory B is in China. Your corporation pays a 15% Chinese corporate income tax rate ($15). You owe the U.S. government $35 in taxes, minus a [...]
