When a U.S. company closes an American plant and builds one overseas, the U.S. tax code allows the expenses incurred in both activities to be written off it’s taxable income.
Under Current US Tax Laws Businesses Are Allowed To Deduct Operating Expenses. Which Include The Cost of Moving Jobs In The U.S.A. Overseas. (Internal Revenue Code)
Companies That Create Jobs In The U.S.A. Should Receive Tax Breaks. Companies That Send American Jobs Overseas Should Not. In fact, US corporations that export jobs overseas should be taxed on any products they export to the USA from their factories overseas, like president-elect Donald Trump promised he would do.
Tell Congress To Stop Using Our Tax Dollars To Fire American Workers