Corporate loopholes

[hyphenate]

I've come up with a plan which might simply make me look like a rank amateur, but I'm wondering if it wouldn't work to brainstorm it.

I don't know if I already proposed this, but since I'm now older, I suffer from either CRS (Can't remember Shit) or CRAFT (Can't Remember a Fucking Thing).

All those US companies who were, in some sleazy way, aided and abetted by the previous administration, to taking their corporation off US soil, and register as a Bermuda corporation so they wouldn't have to pay taxes, need to be shown how the new administration is not going to grant them any favors. Sure, they can stay Bermudan or otherwise off-shore country corporations as long as they want to. But they will be instead paying a tax levy on all their goods to the United States equal to the amount they would have paid as US taxes.

Am I using the proper wording? I'm just trying to make these corporations pay their share, and by moving off shore, they have evaded that for the last 8 years.

It's a small concern, I suppose, but there is potentially a lot of money that should be coming into our coffers from these smug bastards.

[Statistical]

1. Very few corporations need to move off shore....

Congress (BOTH PARTIES) has created so many loopholes at home you could drive a semi truck through the tax code.

Take for example Boeing they pay less than 2% corporate tax.

GM paid almost no corp tax in the last 5 years. On top of that GM at the time they filed bankruptcy had nearly $60B in FUTURE tax credits. Hypothetically if GM hadn't failed it could have paid $60B profit and never paid a dime on it, it simply could have cashed it its accumulated tax credits.

The idea that all major corps had to go offshore to hide profits makes good headlines, and the stuff books are written about but the truth is far more sobering.

The simply don't pay anything here (or next to nothing) anyways.