03-30-2009, 12:03 AM
"That option has not worked so far, why would you expect it to suddenly start doing so now? Overall businesses are paying historically low tax rates, and they still send jobs overseas."
Of course it hasn't worked. The corporate rate in the US can run as high as 35%. Why wouldn't a company leave and go to Ireland where the rate is 11%?
Even a 20% tax rate is better than nothing when businesses move overseas.
Of course it hasn't worked. The corporate rate in the US can run as high as 35%. Why wouldn't a company leave and go to Ireland where the rate is 11%?
Even a 20% tax rate is better than nothing when businesses move overseas.