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Old 04-16-2010, 03:50 PM   #10
SportsDino
College Prospect
 
Join Date: Oct 2001
Besides sending money to other countries, corporations can also send money through TIME! Time-shifting of income and cash flows is some tricky business, prone to abuse... while I can see some value in straightforward applications (smoothing losses/gains in time), often it is loopholed to the point of making highly dubious corporate reports and I'm somehow doubtful as to how the IRS can be sure they really collected all the tax they are entitled to.

Right now tax dodges are a better target than rate hikes. Rate hikes by themselves are mostly going to hurt small businesses and startups (what we could use more of perhaps) that have to play by the rules because they aren't big enough to break them yet.
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