4 ms·

I think Apple would offshore more and more businesses as every other large companies who can afford to has been doing for decades now. And that I think is alway

by jsnk 13y ago

I think Apple would offshore more and more businesses as every other large companies who can afford to has been doing for decades now. And that I think is always the problem with simply raising more corporate taxes in US. As you raise more corporate tax in US, doing business in US becomes less and less attractive. As business move away from US, there will be less and less jobs in US. This already and undeniably happened with manufacturing sector. Unfortunately, people are now again arguing for increasing more taxes in US which will further lead to more business moving their business to other countries.

rayiner 13y ago
Right, I think practical reasons militate towards eliminating corporate taxes and shifting the burden to capital gains taxes. A number of companies have recently reincorporated from the U.S. to high-tax (but low corporate tax) jurisdictions like the U.K. and Switzerland. Companies have shown that they don't care about forcing their executives to move to jurisdictions with high personal income taxes, if they can get the benefit of lower corporate taxes to show higher earnings per share.