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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (50672)	8/11/2013 5:44:38 PM
From: sm1th	Read Replies (1) \| Respond to of 85487

You don't know that. You claim to be a scientist, but refuse to acknowledge that all govt actions have consequences. Corporations move regularly when conditions change. Many companies opened operations in Ireland because it has the lowest taxes in the EU.

To: koan who wrote (50672)	8/11/2013 5:54:01 PM
From: Brumar89	Respond to of 85487

The US has the world’s highest corporate tax rate. That has some big firms going abroad for bargains. [iframe width="600" height="320" src="http://www.youtube.com/embed/U_hropJWCwM?width=600px&height=320px&theme=dark&autoplay&hd=1&rel&showinfo=1&modestbranding&iv_load_policy=1&autohide=2&start&wmode=opaque" frameborder="0" allowfullscreen=""][/iframe] The United States has the world’s highest corporate income tax rate at up to 35 percent. Japan recently lowered its corporate tax rate to 30 percent, and some US companies are moving operations to countries with lower rates such as Ireland, where the corporate tax rate is 12.5 percent. After various tax deductions and credits, the US collected $205 billion in corporate income tax in 2009 from 5.8 million corporations, down from $228 billion the year before. Sources: Organisation for Economic Co-operation and Development (OECD) Tax Database: Section C, Table II.1 "Basic (non-targeted) corporate income tax rates" (2012) Internal Revenue Service: 2009 Statistics of Income, Corporation Income Tax Returns - See more at: facethefactsusa.org facethefactsusa.org