U.S. Corporate Tax Rate Is 2nd Highest in Industrialized World

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.

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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.

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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.

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