The high corporate tax rate might be why a US company that
has profits in the UK, keeps the profits in the UK and looks for ways to invest in the UK vs. bringing those profits back to the US and paying a 16% tax on it to be able to invest in the US.
Or the high corporate tax rate might be why a US company was unable to bring engineering jobs from Singapore to the US (an exact situation that happened to me about 12 years ago in my career).
Reducing the corporate tax rate is not going to suddenly stop companies from looking for cheaper sources of labor in low cost markets, but you'd also have to be a dullard to think that we can operate in a global economy with a tax rate that is 50% higher than the rest of the world and not have it impact how and where companies invest.
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In response to this post by Beerman)
Posted: 12/13/2017 at 2:04PM