There is no evidence at all, that consumer protection laws are better in other countries. You just made that up.
Well again, companies are going to invest where they can get the biggest returns on investment.
If I am going to open a lemonade stand, and I can open it here in Hilliard, or across the road in Columbus, with the difference being that Columbus has a 5% lower tax rate.... where am I going to open the stand? In Columbus. (literally the city limit is the road my home sits on, so I can cross the street, and pay less tax).
Well, the bigger the company, and the bigger the dollar amount of investment, the bigger difference that tax rate makes.
If I'm going to invest hundreds of millions into a project, and have a proposed net profit of $50 Million a year.... which place do you want that investment? In a country with a 40% tax rate, or 20% tax rate? Do you want to lose $10 Million in taxes, or $20 Million?
The left-winger keep complaining that companies invest overseas... that companies are not bringing money back to invest in the US.......... DUR!!! Wonder why???
It's pretty obvious to those of us on the right. I guess being able to do basic math is advantage over the left.
The US has very weak consumer protection laws because of the belief that the market will take care of it, and if a consumer is injured, they can always sue. Of course consumer's can't really sue for small things because it's too expensive. The use of legal remedies is now only open to the wealthy. The process is too expensive to handle small matters, and the average citizen doesn't have the money to pay for it. Most small matters are now addressed by class action suits but there has to be sufficient numbers of injured parties to make it worthwhile. If Joe the Plumber, screws up your plumbing job, and you've already paid him, you have to rely on his honesty to reimburse it or fix it. Even small claims court is too complex for most individuals to take it on themselves.
If you only choose to open your business where the taxes are lower, why not do so in one of the Middle Eastern Countries where they have no income taxes at all?
Name the weak consumer protection laws.
You have my interest on this. Which ones compared to other countries, are weak?
Consumers can't sue for small things in other countries either.
First, I wouldn't randomly hire a "joe the plumber" without knowing enough of his history and other clients, to know if Joe is any good.
Second, are you suggesting that in other countries, it never happens that people hire Joe the Plumber, and he screws stuff up, and disappears?
Besides that, the biggest reason we have such problems, is because the left has been teaching our children for decades, that right and wrong is all relative. You people teach there is no absolute truth, and relative morality, and then complain bitterly when bankers on Wall St live out the philosophy YOU taught them.
Lastly, we do open business in middle east countries. Tons of business.
That said.... there is more to it that only low taxes. I had assumed this didn't need explained to you.
Stability. If the government is unstable, or the population unstable, then investing in a country is more risky.
Say Venezuela for example, and the government is left-wing socialist, and tends to nationalize business in the country. Are you going to invest there? Even if the taxes might be lower? Not a chance. Then the left-wingers in Venezuela complain the economy sucks, and there are power outages. Dur... yeah. No one is going to invest and risk a government decry that they own your business now.
Crime and violence is another issue. Yeah, you might have low taxes in Kenya for example, but there's a high risk your people will be shot. If you have to also spend millions on armed security, fences and cameras.... well duh... whatever money you saved on taxes, you lost on spending on security.
We see that in inner-cite urban areas in the US. The left-winger complain bitterly that business refuses to invest in low-income areas, but refuse to deal with the crime (because that's racists). Hello.... there's a connection.
And lastly, the Corporate Tax, is a massively bigger problem than Income Tax. Income tax is avoidable. You do know that Warren Buffet does not, and has never paid the top marginal tax rate.... right? Warren Buffet only earns $100,000 a year in cash income. He has never paid the 30% to 40% top marginal income tax rate.
Most wealthy people, earn the majority of their wealth from stocks. The same system can be used in any other high income tax country.
This is how Olav Thon of Norway, has a net worth of $6 Billion dollars. He own a real estate company, that has a total portfolio of 450 properties, and over 50 hotels.
Most of his wealth is tied up in capital investments... not money. Thus he doesn't pay the income tax on that income, but rather the capital gains tax, which is only 30%, instead of the 56% on income.
And of course, just like the US, there are many deductions.
But Corporate tax is an entirely different beast. First there really are not a ton of corporate tax deductions, unless you lobby for a specific dedication to be added. Which then you people on the left complain about... but you setup the whole thing with your high tax rates. That's your fault.
But corporate taxes are huge. Take Walmart, according to their 2015 Annual report. They had a total income of $25 Billion.
Their US tax burden was $7 Billion dollars. Their International Tax burden was only $1.5 Billion.
Then you wonder why they are investing more and more internationally? You think Walmart could open quite a few more stores, and create thousands of new jobs, with an extra $3.5 Billion dollars to invest with, if the tax rate in the US was cut in half?
You think that having $3.5 Billion more in revenue might make those stock prices go up a bit? Yeah.
That boost from higher share and dividends will more than offset paying a bit more in personal income tax.