• nosuchanon@lemmy.world
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    7 hours ago

    When corporate taxes are higher, they give their profits to their employees as a tax write off. When it’s lower, they pay the tax and use the cash to build up value for the shareholders. This includes corporate consolidation.

    This.

    Remember when everybody was talking about corporations storing profits in offshore accounts waiting for tax rates to go down? Well Trump have them that and they have brought that money back and used it to buy up their competition.

    Also this.