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Comment by smokeyj | Hacker News Reader

Cuban says big companies are not cash poor. I wonder how many of these have foreign funds that just won't import it because of the tax hit they'll take.

If you want to create jobs, how about companies under 10 years pay zero taxes. Zero costs to incorporate, and all licenses are free. No costs to access secondary equity markets, and access to an entrepreneurship courses. I don't think they want that many jobs tho, might shake things up.

Cuban is just trying his hand at central planning and it's not well engineered.

Considered the market needs to flush itself of some of these mid to upper sized companies. Some just exist because their stock maintains, while costing society valuable talents and resources. Just something to consider.

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The problem with this is that older corporations will just create shell companies, funnel all their wealth through them, and then transfer it back through things like IP licensing and other immaterial fictional goods.

Tax holidays are not the solution the the US debt, or better use of the US's fiscal resources (and yes the ability to borrow money cheaply is a resource).

>The problem with this is that older corporations will just create shell companies, funnel all their wealth through them, and then transfer it back through things like IP licensing and other immaterial fictional goods.

They would have to. How could an older company compete on such an uneven pitch?

If you're afraid of the system being gamed then no answer will suffice other than the tax code being re-written. Let's not pretend there's a practical answer to the cluster-fuck that is our economic incentive. I would like to challenge the basic premise that revenue should be taxed. If you want to incentivize spending, the answer isn't to make money dirt cheap by means of QE infinity. We've tried that trick and all we have to show for is a series of bubbles. The challenge isn't spending money, it's knowing where to spend it that counts. Propping up mid-sized corporations isn't that place IMO.

God it pisses me off how easily corporations can infect people with their propaganda. Some tax dodging assholes are lobbying corrupt politicians to let them slide on paying their taxes and now all of a sudden a bunch of people like you are talking about what a big problem it is that all these poor multinational conglomerates can't get a hold of their tax dodging money. It's sickening. Can I ask you where you were made aware of the money repatriation issue?

The overlap of cash-rich companies and companies older than 10 years old is pretty slim.

For someone like Microsoft its cheaper to to issue debt in the United States (hey, AAA rating is hard to come by nowadays http://www.businessinsider.com/microsoft-low-bond-yields-thi... ) than transfer the cash from Ireland to the US.

>> If you want to create jobs, how about companies under 10 years pay zero taxes. Zero costs to incorporate, and all licenses are free. No costs to access secondary equity markets, and access to an entrepreneurship courses. I don't think they want that many jobs tho, might shake things up.

Actually Mark Cuban suggested this as well -

http://blogmaverick.com/2008/07/28/how-to-jumpstart-the-econ...

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