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To: Willie Green
Just food for thought:

Companies that pay less taxes can be more competitive and can under bid other companies to provide services. What the government loses in taxes is made up in cheaper prices.

Is moving offshore the patriotic thing to do, NO! Is it a wise business decision, Yes.

I firmly believe in not taxing business, bacause a business that is taxed, simply passes the tax on to the consumer (read me).
3 posted on 05/27/2003 1:24:17 PM PDT by Lokibob
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To: Lokibob; Willie Green
I've got no reason to stand up for corporations like this, but the fact that so many of them are doing this is an indication that something is wrong with the U.S. tax system. The same Bush administration that rallied support for the dividend tax exemption by pointing out the inherent unfairness of double taxation didn't say a damned thing about the inherent unfairness of taxing corporate income earned outside the U.S. that has already been taxed in another jurisdiction.
4 posted on 05/27/2003 1:27:38 PM PDT by Alberta's Child
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To: Lokibob
bacause a business that is taxed, simply passes the tax on to the consumer (read me).

Food for thought:

In a competitive market, prices are determined strictly by supply and demand in the marketplace. Taxes, therefore, cannot be merely "passed along" to the consumer unless companies enjoy noncompetitive monopolistic or oligopolistic control over the market. Corporate income taxes are merely government confiscation of a portion of the profits (if any). They are not a "cost" that can be passed along to the consumer.

7 posted on 05/27/2003 1:54:09 PM PDT by Willie Green (Go Pat Go!!!)
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