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Politics : Politics for Pros- moderated

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To: Sr K who wrote (250606)	5/19/2008 3:33:40 PM
From: DMaA	Read Replies (1) of 793964

If a reasonably tax rate is unrealistic then it is realistic to expect a replay of Jimmy Carter stagflation. cato.org The Global Race for Lower Corporate Tax Rates by Daniel J. Mitchell Daniel J. Mitchell is a senior fellow at the Cato Institute. June 21, 2007 Thanks to globalization, it is now increasingly easy for capital to cross national borders. Investors naturally prefer lower–tax jurisdictions, so there is a shift of jobs and investment out of high–tax nations. This is having a big impact on tax policy. Simply stated, tax competition is compelling governments to dramatically lower their tax rates. This has important implications for China, the United States, and other every nation seeking to play a role in the world economy. . . .

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