Kimura
VIP Member
The United States has the highest corporate income tax rate in the world, so it is no surprise that companies engage in activities to lower their taxes.
Corporate taxes are at a half-century low. If we look at the rate actually paid by corporations, as opposed to IRS regs, the US literally has the second-lowest tax rate in the developed world.
I'm sorry, in my opinion, and from the available data, corporate taxes aren't affecting American competitiveness. Like I said, in these low or no corporate income tax havens, many of these countries have VAT and other regressive schemes.
With that being said, I have no problems with giving productive enterprises tax breaks, tax credits, etc, especially small and medium-sized firms. The only people I would like to see hit with a sin tax or Tobin tax would be some of the seedier elements of Wall Street, but that could mostly be handled with legislation to cripple speculation and RICO indictments.
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