<<Low business taxes may lead to Texas cowboy style, ill-planned business adventures that quickly collapse. >>
Actually, cost of capital is the biggest factor in that sort of thing, rather than tax rates. High tax rates, rather than low, are more likely to contribute to the phenomenon, since losses are tax deductible. Low business taxes, all things being equal, are good for the economy. The fact that Ireland is experiencing a recession isn't relevant to this truth, because all things are never equal. Its recession might have been more severe had not business taxes been low. However, low business taxes might not provide enough revenue for the government to provide the level of services the public demands. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Memphis Freethought Alliance" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/memphisfreethoughtalliance?hl=en -~----------~----~----~----~------~----~------~--~---
