US corporate Tax Rate Highest in the World
What factors drive corporations to other countries? This chart explains a major reason.
Manufacturing jobs once flourished in this nation and have moved to other countries. Why? Capital is like water. It flows down hill and follows the path of least resistance. Like water, capital flows to where there is least resistance. Corporations have moved to countries where they can make more money.
Japan just reduced their corporate tax rate by 5%. How much longer can we expect them to continue manufacturing Hondas in America?
“A Rate Which Lives In Infamy“ Printed in Friday, 17 2010 Investors Business Daily
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