The Laffer Curve Works, Really?

From today’s WSJ and an article on the U.S. policy of taxing overseas profits of U.S. firms:

The U.S. system for taxing overseas profits of American companies is so riddled with loopholes and credits that the government would collect $6 billion more each year if it stopped trying to tax those profits altogether, according to a new estimate by congressional tax experts.

 

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