Via The Tax Foundation:
OECD countries such as Ireland, Poland, the Slovak Republic, and Switzerland have enjoyed an influx of foreign capital and investment not because they are “tax havens” but because they have dramatically lower corporate tax rates than the United States, France, Germany, Great Britain and Japan. Until these high-tax countries lower their corporate tax rates, they will continue to lose ground—investment and jobs—to lower tax competitors.
Hmmm, let’s see: You are starting a new company in the US. You can keep your business in the US and pay a 39% tax rate, or you can move your factory to Ireland and pay a 12% tax rate. What should you do? How can you better serve your employees, your investors, and your shareholders? Should you do something so as to make a profit so that you can grow, or lose money to foreign competitors so that you, in 10 years, can go bankrupt?
corporate tax rate, tax, bankrupt
