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My personal take is that in our globalized world, the governments are in competition to some degree for corporate tax dollars and that pushes corporate tax rate
by anm89 6y ago
My personal take is that in our globalized world, the governments are in competition to some degree for corporate tax dollars and that pushes corporate tax rates down, but they are all independently doing that with the goal of maximizing their own income.
I can respect anyone on any side of the aisle as long as they admit its a complicated problem.
But I will hold that if the US went too high with its number, at some point it would have really negative effects for the country. I don't claim to know what that number is and I assume it is to some degree relative to the rates that other countries have and to some degree relative to whether companies are netting profits or not.