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Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ... by cwan on Monday August 10, 2009 @11:48AM (#753196)
This would be true in a lot (if not most) of the OECD/industrialized countries that the amount paid and effective marginal tax rates are significantly higher. But either way, it's discouraging for those who seek to create businesses in the US. The quasi-good news may be that a lot of other countries are in worse financial shape and may increase their marginal tax rates in coming years but with the recent large and projected deficits in the US I suspect US marginal tax rates could rise significantly as well.
Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ... by eli on Monday August 10, 2009 @11:52AM (#753206)
I see your point, but I have a hard time believing there are many people (certainly not here on HN) who are thinking, I'd really like to start a company, but the taxes are just too high.

Personally, I'd be a lot more worried about getting health insurance for myself and any other employees of my startup than paying the income tax.

Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ... by cwan on Monday August 10, 2009 @12:04PM (#753246)
Fair point - though Japan is the one country with marginal tax rates higher than the US and it's been in an economic malaise for over a decade. Understanding that taxes and policy often requires trade offs, it would appear that the projected deficits don't take into account any healthcare plan (http://online.wsj.com/article/SB123137375313762735.html), the US obviously has some difficult decisions ahead of it.

PS I don't think you could characterize the OECD to be part of a "disingenuous business lobby" group.

Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ... by CWuestefeld on Monday August 10, 2009 @01:48PM (#753529)
The quasi-good news may be that a lot of other countries ... may increase their marginal tax rates

I'm not seeing anything good in that.

The statement seems to make the common assumption that economics is a zero-sum game, that somehow the harm that other nations suffer makes us better off. But this is absolutely not true.

When anyone is better off, it improves the lot of all, at least marginally. For example, a rich USA is able to provide aid to much of the rest of the world; our ailing economy might make some people smile as they think that the richies are losing out, but that just impedes our ability to aid. Even indirectly, riches provide the opportunity to research better agricultural practices, better healthcare, etc., and those things wind up benefitting all. Any country that's richer can afford to be more environmentally conscious, and that's a boon to all earthlings.

So I'm not able to take any pleasure in the idea that other nations might abuse their wealth-makers as badly as we do our own.

Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ... by sokoloff on Monday August 10, 2009 @08:56PM (#754423)
If you could instantaneously eliminate all "tax haven locales" (by their decision to increase tax rates to say 25-30%), you would in fact make the US somewhat better off, and those tax haven locales dramatically worse off.

That's more a sign that US tax policy is not competing effectively for company domiciles than it is to say that the tax havens have it wrong. Clearly, they are banking substantial tax money (at substantially lower rates) at the expense of higher tax jurisdictions.

Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ... by CWuestefeld on Wednesday August 12, 2009 @03:14PM (#758970)
If you could instantaneously eliminate all "tax haven locales" ... you would in fact make the US somewhat better off

That's not at all clear to me.

It might be true that it would increase US government tax revenue, but

A. It's not clear that's true. There may be other reasons keeping businesses out of America (say, SarbOx for example).

B. It's not clear that increasing the revenue of the US government at the expense of the corporations (and their employees and their shareholders) is making us better off.

Re:U.S. Corporate Tax Rate Is 2nd Highest in Industrialized ... by sokoloff on Thursday August 13, 2009 @07:24AM (#760503)
Re: A: I was talking only about the relative effects of a single change: eliminating all tax haven locales at once. The likelihood that exactly zero of those displaced companies would re-domicile and shift revenue to the US, SabOx404 notwithstanding, is basically zero.

Re: B. You're absolutely right. I didn't think that all the way through to absolute effects. For me personally, it would certainly be negative, so I clearly blew it here. Upvoted.