Some 47 companies have moved their headquarters overseas in the last decade to save billions in corporate taxes. While Walgreens has reversed it's decision to relocate to Switzerland to avoid negative publicity their stocks have taken a hit and their shareholders are furious.
Meanwhile here at home the Republicans want to cut corporate tax rates to compete globally the Democrats are content to just call these companies unpatriotic & stamp their feet. Is it unpatriotic? Probably. Will calling them names bring the money back home? Highly unlikely.
US based companies don't "owe" us anything. Like any business the point is to maximize profits and if simply moving your home office stands to net you a cool extra 100m or more per year you'd be foolish to stay despite the name calling from the left.
Why not cut corporate rates and KEEP that money in our economy? Stomping your feet & yelling doesn't pay the bills dummies. Unless of course you want US companies to fund the growth of other countries.
Meanwhile here at home the Republicans want to cut corporate tax rates to compete globally the Democrats are content to just call these companies unpatriotic & stamp their feet. Is it unpatriotic? Probably. Will calling them names bring the money back home? Highly unlikely.
US based companies don't "owe" us anything. Like any business the point is to maximize profits and if simply moving your home office stands to net you a cool extra 100m or more per year you'd be foolish to stay despite the name calling from the left.
Why not cut corporate rates and KEEP that money in our economy? Stomping your feet & yelling doesn't pay the bills dummies. Unless of course you want US companies to fund the growth of other countries.