On April 1, 2012 the USA will become #1

Discussion in 'Economy' started by usmcstinger, Mar 31, 2012.

  1. usmcstinger
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    usmcstinger Silver Member

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    We now have the distinction of having the highest Corporate Tax Rate in the world. Sunday marks the day when the United States accepts the crown for the corporate tax king of the industrialized world. No, it's not an April Fools' joke. When Japan officially chops its rate down to 36.8 percent Sunday, the U.S. becomes the baron of corporate redistribution, with its 39.2 percent rate (including state taxes)
    http://news.yahoo.com/u-achieves-highest-corporate-tax-rate-world-205200582.htm
    Canada reduced their Corporate Tax Rate by 13 points and Germany reduced theirs by 22 points.
    *"By 2014, Britain will have a 22 percent rate of corporation tax," Osborne told Parliament yesterday, touting the target tax rate as "a headline rate that is not just lower than our competitors, but dramatically lower: 18 percent lower than the US; 16 percent lower than Japan; 12 percent below France and eight percent below Germany.
    http://campaign2012.washingtonexami...s-corporate-tax-rate-undercut-us-taxes/441671

    Just so you know.
     
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    Last edited: Mar 31, 2012
  2. TakeAStepBack
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    TakeAStepBack Gold Member

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    But...but...I thought the evil corporations were leaving because they are looking to make higher profits?!

    The federal government is omnipotent and omniscient. Therefore it could not be the cause of our collapse in industry!
     
  3. alan1
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    alan1 USMB Mod Staff Member Supporting Member

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  4. Rozman
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    Rozman Gold Member Supporting Member

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    Wait I thought the Libs said that those evil corporations pay no taxes?
    Or was it that they don't pay their fair share?
     
  5. ScreamingEagle
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    ScreamingEagle Gold Member

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    but wait......it gets even better......!

    Obama now wants a "global minimum tax".......in order to tax any company that has gone overseas (in order to escape the high taxes and remain competitive)....

    wow.....that'll do the trick....! :cuckoo:
     

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