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- Title
DIRECTED TAX HOLIDAYS: ECONOMIC STIMULUS OR CORPORATE DREAM?
- Authors
NEWTO, DAKOTA
- Abstract
U.S. corporations currently have more than $2.4 trillion stashed in the accounts of their overseas subsidiaries-a sum that costs the domestic economy billions of dollars every year. A directed tax holiday is one potential method of inducing repatriation of those funds and stimulating the domestic economy. Although a previous tax holiday failed to meet expectations, current proposals from the public and private sectors suggest that a directed tax holiday could fund much-needed infrastructure investment. A review and economic analysis of these proposals shows that a directed tax holiday that channels revenue into expanding and updating infrastructure will greatly benefit the domestic economy.
- Subjects
UNITED States; CORPORATE taxes; CORPORATIONS; UNITED States economy; PUBLIC investments; APPLE Inc.
- Publication
William & Mary Business Law Review, 2018, Vol 9, Issue 3, p675
- ISSN
2159-7146
- Publication type
Article