Stimulus Idea: We Need A Tax Holiday For Foreign Assets

quote:

---

Stimulus Idea: We Need A Tax Holiday For Foreign Assets

---

Apple Corp alone has $137 billion stockpiled overseas. LINK

Kinda crazy ain't it? Send us your tired, your poor and your hungry.

We'll send you our money in return.

If the pols think a 'tax holiday' won't work, just add a provision in the tax code that repatriated cash is taxed at a lower flat rate, for example 10% to 15%.

I agree. I am sure they could bring in Apple, IBM, Microsoft et al and ask them what would work. I would be surprised if they have not already discussed this in some form or fashion.

If $2T and growing is out there using that money instead of the Federal Reserve has to be cheaper.

quote:

---

Even better idea is to reform the tax code, where businesses want to bring the money to the states...

---

I like this idea better but I think the reality is closer to this:

quote:

---

I think a better bet of happening is a Tax Holiday. No politician wants to reform their method of buying votes.

---