Parking Offshore Profits Hurt the Domestic Economy
Conducting commerce internationally is not a crime. However, the lack of reinvesting domestically provides an inevitable drag on a viable internal economy. Publically traded companies operate under a set of rules that confuse the average investor. Most privately owned businesses are well aware that paying taxes on profits is the price paid to transact trade. Transnational corporation’s park extraordinary sums of money offshore to avoid a tax rate that most ordinary businesses pay routinely. Such discrepancies act as negative incentives that plague a feeble employment record.