Corporate Taxation Gets Nasty

Comments (11)

  1. Jim Stewart says:

    Mr Hutchinson,
    Corporations should pay real estate tax, but 0% Income Tax. Individuals should pay income tax because we want the nice roads, good schools, parks, etc, etc. Corporations provide jobs and when profitable hire more employees and employees benefit with higher incomes. You are only looking at Big Business which are moving their headquarters and business off shore. Small businesses who hire the majority of the all the people in the USA could easily hire more employees if they did not have to pay income taxes. If small business is successful so is the USA economy. If every small business in the USA hired just one more employee, you would have negative unemployment and eliminate welfare. You also save billions reducing IRS employees, lawyers and accountants. Please look at the big picture, not big business.


  2. dbtheonly says:

    Good idea, and one with which I’m in firm agreement.
    But what’s to stop companies moving overseas to take advantage of other nation’s more accommodating tax structure? I’m thinking of the Irish company, Burger King, specifically; but there are, no doubt, many more.


  3. Larry says:

    This seems to be a good solution, but the real problem arises from the whole concept of taxes, themselves. Money taken by the government by force is nothing less than robbery. Even big corporations realize the necessity of limited government. They would be glad to help pay for reasonable government. The government today is at least 10 times bigger than it needs to be. Some would say 100 times too big. Make it reasonable and people would be more willing to contribute.


    Winter Rosefeld Reply:

    What a great idea! Just scale back regulations and businesses will cooperate with government out of the kindness of their hearts. Why don’t we just make taxes optional?


  4. Gobeavs14 says:

    While the corporations may be pretty good at hiding profits/maintaining their profits offshore, the U.S. government is even better at hiding spending. How about an article that brings forth some balance between the two? How about for every dollar brought back to the U.S. By corporations that we make the government reduce their spending accordingly?


  5. J.J. Smith says:

    I’m all for getting rid of the “Loop Holes and Tax Havens,” but do you really think our government would do anything with the additional revenues other than spend it like there’s no tomorrow? If you think they are going to reduce the current debt, I’m afraid you are “wee-weeing into the wind!”


  6. Brad says:

    We will continue to have a tax code that benefits the favored target of said tax. Second to last paragraph berates corporation’s for the manipulation of the system. They in charge of that system or the politicians?


  7. Ernie says:

    I understand the premise behind the article, but why should American companies pay U.S. taxes on income earned and already taxed in, say, France or Germany? If required to do so, American companies will be at a competitive disadvantage in selling their products in those markets.

    Foreign tax credits mitigate but do not eliminate the disparity since US taxes on corporations are the highest of any developed country in the world. Lowering the corporate tax rate from 35% to 30% will help but not fully resolve the issue.


  8. Richard C, DiBenedetto says:

    Bar any American business from selling their products here if made in another country and that company moves it’s corporate headquarters to another country.


  9. PCW says:

    It would be nice to get rid of taxes, but countries who are successful invariably have good TAXATION SYSTEMS which can provide the services necessary to its citizens. So why not tax the sale of goods first in the country of sale at that county’s rates, then the profits returned in the home country second. International corporations could then be taxed world wide and claim the tax as a tax offset from homeland tax on profits. A win win for all. Tax in the country of sale, tax on profits at home, no profits- no tax offset, incentive to pay local tax at home and everyone gets a share of the cake.


  10. Charles Ellison says:

    There is no such thing as corporate taxes. These taxes are paid for by the consumer of the products. The higher the taxation the higher the cost of the item sold. For example: If it costs $10.00 to make an item the cost of the item to a consumer could possibly be $23.00 by time all handlers get their profit. So, if taxes were added say $.50, then the item would sell for approximately $26.00 because each handler takes the same markup percentage. Very simple math. This is for hard items. Items with a shelf life/style life the difference between mfg cost and the selling price would be much more.


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