The Business

Enrique Moyeda
Ms. Lovvet
Business 1301-04
01/29/13
The Trillion-Dollar Homecoming
The article described how most of the big-international companies likeapple are transferring all their profits to other countries evading the taxes that U.S. would charge them; that way they can save around 10% of their profits.Congressman that discussed the issue were almost certainly sure that if this would change it not necessarily mean that there would be more jobs or prosperity since this ideaalready was put to use back in 2004 and it didn’t bring any positive change as matter of fact it had a bad impact on the economy. This is creating an economicbarrier since companies are changing their profits destination because of the U.S tax rates so, in order for the U.S to keep those profits inside the U.S the country wouldneed to change its politics and regulations about taxing the big companies; unfortunately this is not as simple as it sounds since we would need to pass thisproposal through congress and wait for it to be approved. In my opinion it would be a good a idea to bring those dollars home but we also need to know how to control theflow of money to not let the problem from 2004 repeat itself.
Some of the ideas I have for this issue are: lowering the tax rates on companies, this way we areinviting them to invest their profits on our country and not in others, if that would happen we will also have the need to change the form that we regulate the moneyflow since it was easy for companies get pass the regulations and keep their profits from being taxed by putting them in the pockets of investors and stockholders.