WakeandBake
Well-known member
Theory
Honest question. What is the advantage for corporations to stay in the US and pay US rates? What is their return on their taxes?
These are easy questions to answer for citizens and to justice paying income tax. But I don't know the answer for corporations.
Well for corporations that only are in other countries specifically to reduce their tax burden, you save alot on legal/accounting/officespace/, etc. by only being incorporated in one country. As to a better answer, its not my expertise.
But yes W&B, pretty much all economic ideas anyone has is pretty much a theory at this point. For as smart as people think Paul Krugman is, there are equally smart people that think he's a nut and we should go back to the gold standard.
There are also proven economic principles that we can observe- both historical and presently applied in developed nations - and implement in our economy. We don't have to rely on the theoretical, especially theoreticals that have a 35 year losing record for the supposed target of benefit
It's snake oil. Corporations are sitting on their largest mound of cash in history
Sounds like you're confusing trickle down economics with lowering the corporate tax rate. And sitting on cash is completely unrelated. They're doing that because there's nothing good to invest in, everything's in a bubble.
The theory that american companies are at a competitive disadvantage for reasons including our high corporate tax rates. According to this theory this hurts everyone.
Also looks like if the Senate plan goes forward, they're throwing money at most everyone to buy their votes. I'm for sale.
If it's so bad, how come American corporations are sitting on trillions of dollars in CASH? How come they are making record profits?
A tax cut to corps does not create jobs. Demand creates jobs.
And how about we increase the tax rate on the Richie Rich guys on the top margins to reinvest in American roads, bridges, dams and other infrastructure projects. American firms will be hired, American capital will be purchased, Main Street will get jobs and money and the economy will expand in real ways - not theoretical ways.
Key Findings
The United States has the third highest general top marginal corporate income tax rate in the world at 39 percent, which is the same as Puerto Rico and is exceeded only by Chad and the United Arab Emirates.
I have seen that stat before but in and of itself it doesn't prove disadvantage as taxes are just one of many factors
Honest question. What is the advantage for corporations to stay in the US and pay US rates? What is their return on their taxes?
These are easy questions to answer for citizens and to justice paying income tax. But I don't know the answer for corporations.