God Morning

An obvious question that needs to be asked is why does the U.S. tax the overseas profits of U.S. corporations in the first place? And the answer is quite obvious – the U.S. projects global power in a way that paves the way for corporations to do business abroad. That is to say, that the U.S. military, diplomatic and economic power protects U.S. corporations from expropriation, fraud, intellectual property theft, and contractual disputes involving foreign partners and governments. In fact, some of the conflicts the U.S. has engaged in the Middle East over the past decade have been characterized by some as ‘resource wars’ – protecting U.S. oil companies and defending the ‘pretro-dollar’ against incursion from China and Russia. This relationship between U.S. corporations and the U.S. government has been traditionally very successful, and the government expects corporations to pay their share of the burden for enforcing contracts and agreements abroad.