[Vision2020] Regarding Puerto Rico and the GOP Tax Reform . . .

[Scott Dredge]

Tom writes "Sweet, huh?"

You tell me.  Is is sweet that U.S. based pharmaceutical companies and corporations like Microsoft are now required to pay a 12.5% federal tax on their income generated from patents and licenses held in Puerto Rico whereas under the previous tax code they paid nothing?

I'm not exactly sure what your position is on taxing corporate profits.  Do you think corporate profits should be tax free at the federal level?

-Scott

On Wednesday, December 20, 2017, 6:29:50 PM PST, Tom Hansen <thansen at moscow.com> wrote:

“The final draft calls for a 12.5% tax on any income generated from patents and licenses held by foreign companies outside the United States. Under U.S. tax codes, companies in Puerto Rico are treated as foreign corporations, even if their parent organization is located in the mainland United States and they employ U.S. citizens.”

http://money.cnn.com/2017/12/20/news/economy/puerto-rico-tax-bill/index.html

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Sweet, huh?

Seeya 'round town, Moscow, because . . .

"Moscow Cares" (the most fun you can have with your pants on)
http://www.MoscowCares.com<http://www.moscowcares.com/>

Tom Hansen
Moscow, Idaho

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