Trump Shouldn’t Fall for Repatriation Amnesty

Full text is now at https://newrevenue.org/2017/02/11/5124/.

Here’s a new piece on Repatriation Tax Amnesty Windfall: http://thehill.com/blogs/pundits-blog/economy-budget/317227-big-business-is-holding-us-jobs-hostage-trump-should-not.

The publisher wants me to induce clicks, but here are rejected titles and the intro: 

How Trump Gets Jobs without Paying Tax Ransom
How Corporate America Demands $500 Billion Ransom to Create Jobs

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President Trump wants to create jobs.  Global corporations want to trick him into giving them a tax cut.  They are holding $2.5 trillion untaxed offshore.  They’ll bring those trillions home and create jobs, they say.  But first, America must give them a $500 billion tax windfall.  No tax break, no jobs.  The President should have three problems with this Repatriation Tax Amnesty:

It doesn’t work.
It mocks his base.
It rewards his enemies.

There is an easier way to “make American great again.”  President Trump can make companies pay the tax without a tax cut, and then watch them bring the money home.

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After 7 years of studying taxation of cannabis, I’m repeating myself a lot. So I’m taking a sabbatical, back to my earlier field of international tax.

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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