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"Ultimately, the only way inversions will stop is when the corporate tax code changes so it becomes more attractive for American companies to be American compan
by forinti 11y ago
"Ultimately, the only way inversions will stop is when the corporate tax code changes so it becomes more attractive for American companies to be American companies."
Or it becomes too expensive for them to not be American companies. After all, the US is a huge market that everyone wants a piece of.
- seanmcdirmid 11y agoA huge open market that allows foreign companies to operate in and pay taxes (just not on worldwide income).
- gozur88 11y agoYou already pay taxes for profits in the US market. What they're wrangling over is paying US taxes for income generated in other markets. I'm not sure why any corporation would want to be headquartered in the US.
- rtpg 11y agoCould always go the China/India route of basically not letting foreign companies do business in the country without some sort of joint venture in place.... I'm not recommending this path of action.
- CaptSpify 11y agoThen why are so many companies headquartered here? I'm legitimately asking.
- morgante 11y agoIt's pretty easy to incorporate in the US and if your primary market is here there's not much point to incorporating elsewhere (you won't save on US taxes).
- gozur88 11y agoIt may just be that they started as fully US companies. You wouldn't incorporate in Ireland for your two person US garage company. Particularly in, say, 1950.
- malchow 11y agoThe U.S. is no longer so important that it can have uncompetitive policies and still come out on top. We should be the tax haven.
- vkou 11y ago350 million people, almost all of them speaking the same language, unprecedented business transportation infrastructure, high amounts of disposable income among the top 20%, and the weakest labour rights in the developed world? How can you possibly claim that the US is no longer important?