SGG's What's Your Issue Poll

[saden1]

Originally Posted by Beemnseven

Saden, this is an interesting comment, one that I’ve heard many times as an example of outrage over corporations looking to escape tax liabilities. But did you know that the United States is the only industrialized country in the world which imposes taxes on American based companies on products sold outside the United States? Every other industrialized nation will charge a tax on products sold in their own country, but not on what they sell overseas. The U.S. is the only country that does it.

Can you blame a corporation from moving its headquarters to a place that offers the best opportunity to do business? Let’s say you personally had the choice to work or start a business in two of our 50 states – one imposes a state income tax, and one does not. Which state would you choose? Is it wrong to look out for your own best interests and locate your business in the state which provides the best incentives to work there? Of course not! So why should it be any different for any other business?

Aside from all that, how exactly do we stop businesses from headquartering in another country? Do we stop them at the border or an airport at gunpoint? Or once they do relocate, do we stop allowing them to sell their product here, in an effort to punish them for not ‘doing the right thing’ by taking it up the butt in taxes?

Internation law works such that a corporation pays taxes in the country it is based out of. Whether you make the money in the sates or not is irrelevant. You have to pay taxes to somebody and if you're not paying any taxes, well, you're cheating the system. You and I will have to pick up their load, and that doesn't sit well with me.

As for the states, they really have to compete for business to move to their states and create jobs. Most corporations are based out of Delaware, Nevada or New Jersey nowadays to avoid paying state taxes. I would like to see life made simple for the corporations. Them having to deal with so many states tax laws is unfair and inefficient.

How would a stop a corporation from cheating the system? Tax them more. Place tariff on their goods.