Is rewarding tax avoidance the way to fund infrastructure needs?

[Panich52]

...Sen. Rand Paul (R-Texas) and Sen. Barbara Boxer (D-Calif.) are close to agreeing on a plan that would give multinationals a deep tax reduction on money they currently have stashed overseas if they bring the money back into the United States, also known as repatriation. Money collected would be deposited into the Highway Trust Fund, which is dedicated to paying for federal transportation projects ... is rewarding tax avoidance really the way to fund our public infrastructure needs? ...

http://caf.salsalabs.com/dia/track.jsp?v=2&c=8ce1ngRJHkXqk4lpLSyAWB23ndgk1zqb

(Personally, I like it better than gas tax, esp w/ volitile oil market...)

[on point]

1. I have a better plan. Tax retained earnings at 10% per year worldwide.

Of course, it would be cheaper for them to just bring it home and pay a one time tax, or pay it out to stockholders in dividends.

We should stocky be working with other OECD countries for a standard worldwide rate for corps and wealthy. That's the real TPP we need.

[FSogol]

2. Let me dust off my "US Seizes the Cayman Islands Proposal..."

Seal Team Six and every accountant we can find in the Treasury Department are air dropped on the Island.

After taking total control, we release the funds owned by foreign citizens and foreign corporations.

All of that illegal cash that has bypassed US taxes can be seized and put in the US Treasury. When the billionaires squawk, jail them on tax evasion and or treason.

We rename the island, The Hamiltonian Islands after our first Sec. of the Treasury and it becomes a new US Territory.

Why can we do that? Because off shore tax havens are a threat to the financial security of the US.

Problem solved. Deficit now at zero. Free community college for all!

[brooklynite]

3. My wife is a noted tax lawyer and thinks this is a horrible idea...

...unless it's coupled with an agreement not to allow further off-shore stockpiling by anyone who takes advantage of repatriation.

[ProfessorGAC]

4. I Think Your Wife Is On To Something

A very good idea, indeed.