On 03/11/2011 6:42 AM, Drifter wrote:
On 11/3/2011 6:50 AM, X ` Man wrote:
(CBS News)

Advocates for reducing U.S. corporate tax rates argue that lower
corporate rates charged in other countries impede American
competitiveness. Yet a new study finds that many of the nation's top
companies are already paying less in U.S. taxes on their pretax profits
than they do overseas.

In a study comprising more than half of the Fortune 500 list of the
largest U.S. corporations, a quarter of those examined paid little or
nothing in federal income taxes during the 2008-2010 period, despite
registering profits in all three years.


I wonder why corporations leave the US tax haven and move to far off
places? Harry knows the answer but he won't admit it.

Yep, fleabaggers need to understand that there is no reason a US corp
should be paying double taxes to DC. Say a product is made in China,
sold in China then Chinese profit taxes paid. Then greedy fleabaggers
think DC should double tax the US corp for non-domestic profits.

So to solve the problem they just move the head office offshore and only
account for US taxes on US operations, which is fair. Means less
revenue for DC and the fat taxable exec salaries and economic activity
of a head office is no longer in the USA. Screwing themselves with
their own greed.

But no one ever accused a fleabagger of using their brains for anything
other than envy, lust and greed of others. Sinful bunch really, putting
all that debt on our grand kids like they are debt-corruption-tax slaves.
--
The reason government can't fix the economic problems is government is
the problem.