Americans don’t realize that the US has some of the highest corporate tax rates in the world. We are not the “freest” economy in the world by a long shot anymore. We are now experiencing the problems that highly regulated, highly taxed countries have. One answer would be to create a more rational and lower rate tax system. Another answer is to demonize companies and to try to force them to stay, like South American socialist economies did in the 1970s. We all know how that worked out.
“Pfizer CEO Ian Read has repeatedly said tax is a competitive challenge for US companies.”
Hmmmmmmmmmmmm Ian Read....sounds a tad Irish to me. Perhaps there’s a bit of homesickness involved.
Given that the US market is one of the few in the developed world that doesn’t dictate drug prices to drug companies, the Federal government could probably force drug companies to either set stateside prices at European levels or pay American taxes.
Very interesting. Thanks for posting. Trump talked about this during his Iowa rally 2 days ago.
https://www.youtube.com/watch?v=zAbPS3UulGQ