They wouldn't have to abandon anything. I do not know where you got that idea from. Toyota has all sorts of production assets in the US but they are a Japanese company. Likewise with BMW, and Audi. Lots of companies are like that.

  They will, as they do now, pay taxes on their economic activity within the US. The difference is that the money outside the US will never be patriated within the US and never subject to any US tax. Their foreign entities will no longer be subject to embargoes the US imposes unless their relocated country follows it too. They can also charge more for the imports to their US entities effectively siphoning US profits before they can be taxed.

Some might relocate shops and crap. Those would likely be considering offshoring anyways. But there is no need to do so to relocate the company under a different country jurisdiction.

They already pay taxes on the economic activity inside the US. Nothing would change on that front. However, a significant portion of that would be moved to foreign jurisdictions where they would escape them entirely. We lose the ability to make laws governing their behavior outside the US and so on.

Sigh...

While that sounds good and all to the uninformed, but do you realize how many treaties the US would have to back out of that actually have economic disadvantages if you are not in them?

What you suggest would basically ruin foreign trade with the US outside of rogue third world countries.

Royal Bank of Canada is already incorporated in the US. As are most of the other companies you list, sans most of the Chinese ones (banks, telecoms, and oil companies are State-owned). It would be trivial for them to move their board membership/executives to the US as they are already incorporated in the US.

Alibaba and many of the private Chinese companies are actually based in tax havens like Hong Kong, Bermuda, or Cayman Islands for a reason - to reduce taxation. Most companies are not so loyal as you imply - the actual facts of their incorporation showing as much...

Who says they are not learning all sorts of things? Cooking is all they are telling us about. And by they, it could be DARPA or the robots themselves. Maybe they are waiting for just the right time.

We get in our mech suits and seek and destroy. That is of course after several years calling it work place violance rather than robot terrorism.

Of course he has no expectation that it will pass. In fact, he'd be horrified if it did! He absolutely does NOT want it to pass, because it's pure theater, designed to allow lefty politicians to say in advertisements that their opponents hate education spending, etc. It's 100% empty, completely disingenuous rhetoric, and should have the bright light of day on it from the beginning.

Maybe you should use a meme generator for that one?

Or, consider the reality of it. Cops who pull people over while driving unmarked cars are completely used to not being trusted - by anyone, of any color. I have a great relationship with the cops I know, and have never had a bad moment with any I don't. My wife and I are lily white, but I'd never encourage her to pull over for an unmarked car anywhere but in a very populated spot, and ideally in front of the local police station. I do not trust unmarked cars, and there's good reason for that. Great news bit just this morning, where a cop-impersonating douche in a white Crown Vic pulled over (wait for it!) an off duty cop. Good one. He got to flash his badge, and was packing (guy drove off, but was promptly caught and arrested). What do the rest of us get to do?

Meanwhile, back in your race-card-playing department: there's a reason that cops in rougher neighborhoods don't EVER do normal traffic stops in unmarked cars. Cops in marked cruisers get attacked, run over, shot at and otherwise put in peril all the time. And those are guys rolling in plainly marked cars, wearing uniforms. I'll have to look around to see if there are any stats on basic traffic stops in marked vs. unmarked cars in high crime areas. My sense, from talking to people in that line of work, is that it's very rare. Unmarked cars in those areas aren't about traffic citations - they're usually working warrants, drug mules, trafficking, that sort of thing.

In the mean time, if you get the lights on you from an unmarked car, and it doesn't matter what color you are, proceed at the speed limit to the nearest station, or look for a marked car and honk to get their attention (if the unmarked is real, the officer in the marked car will already know what's going on, and will usually join in the stop to help protect the unmarked guy and to make sure anyone seeing the scene understands it's legit).

Corporate taxes are really just a way to tax individual shareholders, employees and customers, but without any of them noticing that the money is coming out of their pockets. Taxes are necessary, but hidden taxes are evil. Taxes should be visible, so the taxpayers know what they're paying and can weigh it against the value they receive, to decide if they're getting good value for their money, and vote accordingly.

This particular proposal is a great example. Obama wants to go after this particular pool of money because to American taxpayers it appears to be "free" money. It doesn't cost them anything... or at least that's how it looks. I suppose to the extent that this is taxing foreign income generated by foreign workers producing goods and services for sale to foreign customers, it is "free". The only Americans who will be hurt are the Americans who are shareholders in the targeted companies, and there are also plenty of foreign shareholders. So to the extent the money is all foreign, it's taken from foreign taxpayers, which is, if anything, even more insidious.

We do need to maintain our infrastructure, and we should pay for it. But up front and in the open.

It takes an expert in "gas physics" to explain the ideal gas law to them? Didn't these lawyers have to take a basic physics or chemistry course in their undergrad coursework?

Make the corporate tax rate ZERO. Nothing. Make it apply to corporations exclusively headquartered in the US, with at least 51% board members being US residents, and at least 51% of upper management (defined as vice presidents and above) being US residents. You'll see every major company in the world immediately relocate to the US - and most of their higher end employees either relocating or hiring new ones here. Massive gain in income tax (given that these folks tend to be in the top 1% of income earners, and they tend to pay nearly a 24% income tax rate).

My back-of-the-envelope calculations say we'd easily replace the $450 billion or so that we get in corporate income tax - especially since the top 1% already pay about $370 billion in income taxes alone. Double that number of people (which is about what would happen if you brought over most of the top 1000 companies worldwide), and you'll more than double the taxes paid by the top 1% - income tax, excise taxes, taxes on their employees, etc.

Encourage companies to move here and grow our economy, rather than penalizing success overseas. Become the ultimate tax haven, the best place to do business - and watch the economy roar.

Let's talk income tax, because the vast majority of people are employees, not small business owners (when you compare the amount of actual business owners to the amount of pandering that goes towards them, it's hilarious.)

We can, but then we are not talking about the rich or 1% now. Well, unless they become employees of their own investments in which case they still pass the buck down to the consumers.

When you make a certain amount, as I do, small changes to my tax rates don't really bother me. I make a shitload of money, so another couple of % of my earnings isn't really anything I'm prepared to uproot my life for, pick up and move for.

I doubt you make as much money as you want us to think you do. Your reading comprehension is too lacking for that to be believable. We are talking about "how a taxes that only targets the top 1%, 0.1% and 0.01% would be "regressive"."

Go ahead and hit the parent button a couple of times if you missed that. Of course this makes you seem like you are arguing apples while holding oranges. I guess the big problem for you is that we aren't even talking about fruit. Stupid sauce indeed, but if I was you, I would stop throwing crap around before you know what is going on. It may be that you are the only one catching it.