General Discussion
In reply to the discussion: Let me say it right here, if you voted for Trump-I do think you are a racist, homophobic misogynist. [View all]Jim Lane
(11,175 posts)The government might offer a special one-time cut rate on overseas funds that are repatriated. Many companies will repatriate, thus benefiting from the discount, and immediately resume their practice of offshoring profits. They'll continue to avoid paying taxes at the regular rate while patiently awaiting the next "one-time" package.
It's as if the new manager of your local supermarket offered a one-day special on soup at a penny a can. The store would sell a LOT of soup that day. The total sales for the year would be largely unaffected, but the new manager could point to his first week's sales total as showing what a genius marketer he was.
The difference is that people who run businesses are generally more hard-headed. The manager's bosses wouldn't think he was a genius. By contrast, a lot of Trump's voters might happily swallow his self-promotion. In addition, the whole charade would divert attention from the more serious issue of changing the tax code so as to make the offshoring unprofitable in the first place.