What would you suggest to the government about the tax


Problem

The U.S. government taxes U.S. companies for their overseas profits, but it allows them to deduct from their U.S. taxable income the taxes that they pay abroad and interest on loans funding operations abroad, with no limits on the amount deducted.

a. Is it possible that the overseas profit tax produces no net revenue?

b. What would you suggest to the government about this tax if its purpose were to increase corporate income tax revenue?

c. Why might the government keep this tax even if it were not collecting any net revenue?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What would you suggest to the government about the tax
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