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Originally Posted by Beemnseven
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?
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What does that mean? Corporate profits are taxed. Are you saying that profits made on products sold outside the country shouldn't be taxed?
Almost every country in the world has a sales tax of sort and that's the kind of money foreign nations generate from American companies doing business in their nation. If, say, Microsoft does business in Italy, it's not paying corporate tax to the Italian goverment.
Quote:
Originally Posted by Beemnseven
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.
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It don't think it should matter whether I am rich or not. I'm still paying taxes and the corporations are setting up shell companies outside the states to shelter them from taxes. On the account of principle I protest.