Along that line serious thought has to be given to reducing the corp tax rate. The US pretty much stands alone now...as the country with the highest tax rate it bestows on its corporations.
It's an unproductive mess. On Oct 19, 7:26 pm, Gaar <[EMAIL PROTECTED]> wrote: > I understand all this... > > Why do you suppose their is a Credit Crisis? > > People are liquidating Assets in anticipation. > > If McCain is Elected, we will likely see much of it go back into OUR > System... > > If not, we are likely to see it continue to go overseas, as the U.S. > continues its decline into Socialism. > > Sad, very sad. > > On Oct 19, 5:24 pm, "d.b.baker" <[EMAIL PROTECTED]> wrote: > > > > > On Oct 19, 7:08 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > What they don't get is that there are other places in the World now > > > that seem to be heading in a more Republic/Capitalist model than the > > > U.S. > > > Actually, it's been happening for years now. Small and large > > companies, such as GE and GM, shelter much of their profits overseas, > > many in Europe where the effective and marginal tax rates are lower - > > often considerably lower. Ireland's recent rise to top Euro-economic > > status is directly attributable to it's low corporate tax rates. > > > In anticipation of additional domestic penalties such as promised by > > an Obama administration, companies have been setting the stage to > > divest their US operations - not openly by declaration, but by > > defaults and segmented bankruptcies. One of the more clever approaches > > considered by GM, for example, was/is merging their losing domestic > > operations with Chrysler's losing domestic operations. It's > > complicated, but the potential domestic tax advantages are enormous. > > > Meanwhile, I'm trying to get by on 14 dollars a week...- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
