So, Pfizer has dropped their tax dodge scam. It was clear what the shame deal was all about but that it was actually stopped honestly surprised me. Here are a couple of links with different perspectives
I'm not sure I totally understood the Schiff comment. If American companies are buying foreign companies to escape America taxation, why would a foreign company buy an American company and pay high American taxes? Meh, it's the same ol same ol, people with money don't want to pay any fucking taxes. They endlessly cite our corporate tax rate, and negate to ever mention how many loopholes there are. Then we have this territorial plan that Lou talks about which will accomplish one thing and one thing only, it will allow for a ton of money to come back to America to be promptly distributed up the food chain rather than down. It wont' increase investment. It won't improve our economy and it won't change anything. Nonetheless, I support it. Then I can hear what empty argument is brought up next for why we need to end all corporate taxes.