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Originally Posted by JoeRedskin
2. The US corporate tax law needs serious revision. Corporations should be paying taxes in line with other countries that offer the same comparitive economic security as the US (i.e. there is a benefit to doing business in the stable political/economic climate of a Germany, US or Britain as opposed to Mexico, Columbia or Angola). Based on the study Chico referenced, it would appear that this would require closing certain loopholes and shelters while, at the same time, lowering the statutory rate to one comprable to other western nations. Any volunteers to draft a revised corporate tax code for us? Anyone? Anyone? How about a committee of SS33, Lotus and NC_Skins? Get back to us with your result by next Friday please.
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1) Close any and all corporate tax hole loops.
2) Give tax breaks to companies that create jobs and maintain them.
3) Impose huge tax penalties for any American Corp with jobs overseas, who's products are shipped to the US. (make it high enough to where it's less costly to have the plant here)
4) Give tax breaks to companies for providing health care benefits.
5) Give tax breaks to companies that reinvest money back into the company. (employee raises(not CEO), additions/buildings added) -removed research and development. **** Pharmaceutical companies.
I'll come up with more later when I can research what the numbers are across the world.