We need tax policies that help U.S. companies compete. Strong American Economy is a project of the PACE Coalition. PACE: Preserving America’s Competitive Edge.
Strong American Economy
thehill.com
A proposal to raise $210 billion over the next decade in new taxes on international companies has been put aside temporarily by the Obama administration, but large technology firms are planning for how they can aggressively fend off similar changes in the future. ...
Strong American Economy Tax deferral changes may reduce the amount of $ tech companies have to spend on domestic R&D, manufacturing, and expansion. #taxfact
Strong American Economy In 2005, the effective marginal tax rate in the U.S. was 23.6%, but for other G-8 countries, it was 19.5%. #taxfact
Strong American Economy Without deferral, US companies would be subject to double taxation and would not be able to compete against foreign companies. #taxfact
business.theatlantic.com
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Strong American Economy Eliminating deferral options provides incentives for U.S. companies to invest overseas instead of in the U.S. #taxfact
Strong American Economy Businesses today operate in a global economy, where the competition for jobs and investment has never been greater. #taxfact
Strong American Economy "Check the box" allows American global companies to avoid foreign taxes, not U.S. ones. #taxfact
Strong American Economy Global demand for US products and services made possible by the foreign affiliates of US companies increases domestic revenue. #taxfact
Strong American Economy The U.S. is the only major industrialized country taxing the worldwide income of its resident multinationals. #taxfact
Strong American Economy The U.S. is the only G-20 country with a corporate tax rate greater than 30% and a worldwide tax system. #taxfact
Strong American Economy Calling check-the-box rules a "loophole" that allows "unintended" US tax avoidance is both misleading and rewrites history. #taxfact
Strong American Economy Due to the elimination of deferral shipping industry, US-owned foreign ships serving internat'l markets went from 429 to 273. #taxfact
Strong American Economy Foreign investment by US multinationals is usually a complement to, rather than a substitute for, investment in the US. #taxfact
