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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Keith Fauci who wrote (3300)3/19/2002 1:30:09 PM
From: Robert Douglas  Read Replies (1) of 3536
 
You are dreaming if you think corporations will not be taxed at all. Corporations are already global entities and Yes I can imagine such a system. I do not have my international finance books on hand but I know that goods are already taxed on such an incremental value added basis.

Then you should know how corporations respond. Profits are realized in countries with low tax rates and avoided in those with high rates. How will you employ the accounting standards to forestall such tactics?

There will always be countries that will entice corporations to come there with low tax rates. Just like states do in the U.S. Once the bidding process begins, it's hard to stop it. That's the power of the free-market.
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