Posted on 04/09/2012 1:09:15 PM PDT by next media
...that system of taxation as created by Congress turns business accounting into a labyrinth where corporations have to waste manpower and income to constantly manage their tax situation while government receives reduced revenues that can't be anticipated from one year to the next. Multi-national corporations like GE can also use the complexity of the US tax system to manipulate the tax code by deflecting profits outside the US but maximizing deductions in their tax burden.
The corporate tax situation has caused even a fiscal liberal like President Obama...
(Excerpt) Read more at usbcnews.com ...
I guess their brilliant idea is to somehow force Americans to keep our money here and just suck up the high taxes and be damned happy about what the government allows us.
The United States of America has the highest corporate taxes in the world. Something to think about.
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