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View Diary: Big Business turns against corporate tax reform (9 comments)

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  •  Most companies with a low effective rate (2+ / 0-)
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    dinotrac, mmacdDE

    are getting that from their non-US taxes, not their US tax returns.  I don't think US corporate tax reform will be effective; in fact, it will probably result in the loss of US jobs when companies move their operations outside the US.

    Reforming the individual tax situation will result in better tax savings because individuals are less able to move their earnings around.  Corporations have a lot of options that individuals can't access.

    In my experience, after working with large corporate tax functions for more than 20 years, corporate tax reform will not make an appreciable difference in US tax revenue.  I'm not at all surprised by the chart in this post: Utilities tend to be almost wholly domestic, hence the higher effective rate.  Multinationals will move operations (and jobs) where the tax rate is lowest, so changing the US tax laws will not help our economy.

    "If one cannot enjoy reading a book over and over again, there is no use in reading it at all." — Oscar Wilde

    by chicagobama on Fri Apr 05, 2013 at 08:14:53 PM PDT

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