Maybe if there were no corporate tax, they wouldn't leave.
Oh wait, that defeats the purpose of having them here.
Maybe if there were no corporate tax, they wouldn't leave.
Heck change how the federal government taxes to a retail sales tax only and half the world's businesses are likely to show up in our backyard, can't let that happen:
Chairman of the House Ways and Means Committee,
Rep. Bill Archer (R-TX)
August 12, 1996
- "A recent survey was done, in Europe and Japan, of the major corporations and I was astounded at the results. They were asked, 'If the US abolished its income tax and went to a sales tax, would that have any impact on your decisions?' Eighty percent of the corporations said they would build their factories in the United States of America. Twenty percent said they would move their international headquarters to the United States of America."
And here we still sit. Disgusting.
The purpose of having corporations here is for them to pay tax?! Ehhhh???
I think their purpose is to make a profit. As a by product of profit, they employ people.
No, the purpose of having business in America isn't to collect tax. Business doesn't pay tax anyway... business only recovers tax costs, like any other cost, by increasing prices, reducing wages, or lowering ROI.
It is the goal of business to mazimize profit- and that goal is obviously served by reducing expenses of all kinds - including tax expenses to include income tax, payroll tax, and compliance costs.
I try to take all my legal deductions when I file...why shouldn't business do the same??
The problem is the tax system. Plain and simple.