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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: alburk who wrote (84124)	7/25/2007 11:45:42 AM
From: I_C_Deadpeople	Respond to of 110194

One thing globalization will do, rightly or wrongly, is force countries to reduce their corporate tax rates and all other surcharges such as payroll taxes and capital taxes. My personal belief has always been that corporations themselves should be tax free (or close to it) BUT every cent taken out of a corporation - via salary, options, dividends, etc should be taxed at a reasonable rate. If you want companies to be in your country creating products/wealth/employment you have to be competitive tax wise. If a large corporation earns lots of cash it will either pay out large bonuses, invest in more capital/research or buy other corporations. Money never sits idle. In Manitoba we have this silly tax called a 'payroll tax', it is 2.15% of all payroll. It was of course supposed to support Health and Education but it ends up, like all taxes, in the general revenue of the Province. It is a serious hinderance to the creation of new jobs.