A Simple Answer To The Tax Brouhaha

Jon Government, Market Commentary

Want the simple answer to the tax brouhaha and similar related to Apple, along with other firms?
Want to, at the same time, resolve most (but not all) of the offshoring of production of goods?
It’s not hard to do.
Change US law so that in order to bring a suit in the United States court system related to copyright, patent or trademark infringement you must havesubstantially designed and built said thing in the United States, using legal US workers, including but not limited to actual assembly.
If not then you have to sue in wherever you did such work — you cannot sue in the United States.
Force Apple to litigate copying of their designs (or phones!) in China and I bet they get real interested in producing them in the United States.
That turns around and exposes them to taxation here as well.
Assuming you do this properly so as to make it impossible to evade the rule (that is, if you don’t build it here you can’t sue here) then…. Problem solved.

This post was published at Market-Ticker on 016-09-01.