Quote:
Originally Posted by saden1
Internation law works such that a corporation pays taxes in the country it is based out of. Whether you make the money in the sates or not is irrelevant. You have to pay taxes to somebody and if you're not paying any taxes, well, you're cheating the system. You and I will have to pick up their load, and that doesn't sit well with me.
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Right -- businesses and corporations will always pay taxes to the country that they are based in, but only the United States imposes taxes on products sold in their country
and products sold in other countries. That's why it makes good business sense to move your headquarters out of the country that has a bad tax policy and into a country that has a better tax policy. You still think that's a bad thing?
Unless you're rich, because I'm certainly not, you and I are likely not "picking up the load." Most of the tax revenue in this country comes from top earners thanks to our progressive tax system. Politicians love it that way -- they can stay in power by appealing to the larger mass of voters by sticking it to the rich who are far fewer in numbers.