On the recordJune 19, 2018
As to the tax bill, you can have a 0 percent tax on the profits of your factory only if you move the factory overseas.
Source
congress.govAs to the tax bill, you can have a 0 percent tax on the profits of your factory only if you move the factory overseas.
Sherman criticizes the tax bill's potential to incentivize companies to move overseas.
Share
More from Brad Sherman
It is long past time that companies report how resilient they are, and hopefully move to become more resilient.
I'm hoping that I can get you to co-sponsor what is now bipartisan legislation to say that we do not provide tax incentives for investing in Chinese-based companies.
I join with colleagues on both sides in commending the Biden Administration executive order on outbound investment.
We were defeated militarily in achieving our full goals in Afghanistan not by the Taliban, but by the phrase 'Forever War.'