A Tax Saving Move

Aug. 13, 2013
It seems a growing number of US firms are taking over European businesses and then relocating to Europe. The reason? Hundreds of millions of dollars.

Washington does not seem to understand that businesses, both large and small, can now look at global opportunities.  Take taxes as an example.  The US has the highest corporate tax rate, a full sixteen percentage points higher than the global average.  American businesses can relocate their headquarters to other parts of the world and take advantage of significantly lower tax rates.  Hundreds of millions of dollars in tax revenue are at stake.  Washington would do well to consider business as a partner, and not as a cash cow.

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