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Starting Next Month, the U.S. Will Have the Highest Corporate Tax Rate in the World by avengador1
Started on: 03-17-2012 11:08 AM
Replies: 4
Last post by: Uaana on 03-17-2012 03:45 PM
avengador1
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Report this Post03-17-2012 11:08 AM Click Here to See the Profile for avengador1Send a Private Message to avengador1Direct Link to This Post
http://cowboybyte.com/5374/...x-rate-in-the-world/
 
quote
On April 1, Japan will cut its corporate tax rate to 36.8 percent from 39.5 percent.

You know what that means, right?

It means the United States will officially have the highest corporate tax rate in the world, with average combined federal and state profit levies of 39.2 percent.

“Yes, that’s higher than Sweden,” The Wall Street Journal reports. “Higher than Russia. And China, Mexico, Denmark and even France. Doesn’t it make you want to break out in a chant: U-S-A, U-S-A?”

As Japanese politicians found themselves staring down an increasingly burdensome deficit and an aging population, they came up with an idea: Cut the corporate profits tax to boost economic activity and generate higher revenues.

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heybjorn
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Report this Post03-17-2012 11:29 AM Click Here to See the Profile for heybjornSend a Private Message to heybjornDirect Link to This Post
 
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Cut the corporate profits tax to boost economic activity and generate higher revenues.


" Everyone " knows this simply will not work, plus it isn't " fair. " This will just give those greedy CEOs bigger bonuses. Just more corporations getting a free ride.
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Red88FF
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Report this Post03-17-2012 11:35 AM Click Here to See the Profile for Red88FFSend a Private Message to Red88FFDirect Link to This Post
Seams like this current government is hell bent on doing the exact opposite of what is needed, on every front. l Really makes a guy wonder.
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yellowstone
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Report this Post03-17-2012 03:20 PM Click Here to See the Profile for yellowstoneSend a Private Message to yellowstoneDirect Link to This Post
That's correct:



But not new:



However:



The reason:



http://visualbaseline.com/2...-to-corporate-taxes/

[This message has been edited by yellowstone (edited 03-17-2012).]

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Uaana
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Report this Post03-17-2012 03:45 PM Click Here to See the Profile for UaanaClick Here to visit Uaana's HomePageSend a Private Message to UaanaDirect Link to This Post
Awesome!! Now we'll really stick it to the 1%!!

FatCat CEO's might have to take a hit on their gilded compensation plans.

Oh wait.. umm so does this mean every corp under the sun is going to go running for an offshore holding?
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