There was one way to do that, and that was to vote for Mitt Romney, but the country voted the other way instead.Does anyone have ANY idea how to bring the 18 trillion dollars home from overseas and put it to work here?
SET THE MFing Corp tax rate at ZERO!
In Romney's economic plan, he would have eliminated the tax multinational companies pay on fund transfers. In other words, let's say that GM in China wanted to transfer funds to their US plants who were in serious trouble. In order to do that, the feds would tax them on the money that was transferred here.
If GM were to face serious financial troubles now, we would probably bail them out again instead of allowing GM to use their own money from a foreign outlet. So of course, the common sense thing to do is not transfer any money to the US.
Just about all other industrialized countries did eliminate that tax, but not the US. And we won't see any elimination of such tax until we get a real President. Throw in Commie Care, and you have all the makings for business to avoid transferring money and creating jobs in the US.