 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | reply to marigolds
Re: Is anyone surpised? said by marigolds:Find one reported instance of jobs being moved out of the country because of the corporate tax rate and not because of labor rates. HP moved jobs from the USA to Ireland because of lower corporate taxes there. This was done under Carly Fiorina's tenure. I am sure that isn't the only example that exists.
And while what you say about tax policy might be true, the fact remains that the high US corporate tax, as well as any tax paid by the shareholders on profit, is still collected directly from the customers of these companies. That's just simple business, all overhead costs are passed directly to the consumer.
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 Combat ChuckToo Many CannibalsPremium
join:2001-11-29
Erie, PA | said by pnh102:...the fact remains that the high US corporate tax, as well as any tax paid by the shareholders on profit, is still collected directly from the customers of these companies. That's just simple business, all overhead costs are passed directly to the consumer. That is a fact that you will have a hard time convincing people is true. Everyone says screw business, but no one seems to consider where that money that business pays in taxes comes from. Now lets talk about indirect taxes and how congress can effectively raise the personal income tax rate without people knowing it...
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 marigoldsGainfully employed, finallyPremium,MVM
join:2002-05-13
Saint Louis, MO
kudos:1 | reply to pnh102
said by pnh102:HP moved jobs from the USA to Ireland because of lower corporate taxes there. This was done under Carly Fiorina's tenure. I am sure that isn't the only example that exists. HP is still based in the United States. That move would cause no change in corporate income taxes.
As well, I lived in Corvallis during that move and knew many of the U.S. workers who were moved temporarily to Ireland. While Ireland was chosen because of its tax structure, the move of facilities to Ireland was done for global security reasons; dispersing facilities so that any one disaster would not cripple the company.
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