Why couldn't they do that now?
The US does withold US taxes on income paid to foreign corporations and makes bi-lateral tax treaties providing for reciprical treatment of in collecting income taxes in regard our corporations and businesses receiving income from other nations. Net gain in tax treatement to a foreign firm considering relocating manufacturing in the U.S. none. Net gain to our industries from the action, the income payroll taxes system in the U.S. acts as an disincentive to firms located here.
Looks like that KoolAid you are swallowing in abit hard on the gut. I'd suggest you change brands.
For, not only does the FairTax NRST do both as well to provide the club, it has the incentive of not taxing income or business purchases of foreign manufacturers that do relocate to the U.S. to become domestic firms which makes the significant difference.
It is clear foreign manufactures can recognise the significance of the difference in treatment afforded under an NRST as opposed to the current/income payroll tax system.
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."
Even though you seem to not be able to do so, and prefer to continue to swallow that income/payroll tax swill you are drinking today.
A recent survey was doneOf course you've never been able to produce the actual survey, just some secondhand account of a politician on the campaign trail.