Taxes do not and never have had an adverse impact on businesses and that is not why they leave the country. Businesses have to pay for workers and have to abide by government regulations on how much they can work and for what price. . .unless they get workers from a country without such regulations. Taxes on businesses in this country are ridiculously low--yet businesses continue to outsource, not because of taxes but because of cheap labor. During and after the crisis, the government implemented regulations that stopped the issue from escalating or repeating. The only reason why we're on a computer right now instead of begging for food in the streets is because of taxes and government regulation. They (OFHEO) tried investigating Fannie and Freddie years before the crisis and were dismissed "for trying to implement regulation."[QUOTE="Theokhoth"][QUOTE="BMD004"]That is completely false. Here is a list of 10 companies that have moved their headquarters overseas to avoid paying the U.S. taxes: http://www.focus.com/fyi/finance/10-big-businesses-that-have-moved-abroad/ and that is just 10 big companies. There are a LOT of other companies that much prefer the taxes they pay in other countries overseas. And the financial crisis was created by the incentive that the government provided by the extremely low interest rates. The risk-taking was encouraged by the incredibly low rates. Then, Fannie and Freddie (government-sponsored companies) were were encouraged to buy toxic securities. That isn't even up for debate. It's what happened. I don't even need a source for that because it is common knowledge. BMD004
First, I'll address the issue that you say that businesses don't leave because of taxes.
First, here is a 60 minutes report that was done about two months ago about how businesses go overseas to find a tax-haven so that they don't have to pay U.S. taxes:
http://www.cbsnews.com/stories/2011/03/25/60minutes/main20046867.shtml
If you don't think that a LOT of businesses move to other countries, then I don't know what to tell you other than that you are ignorant about this particular issue.
Now, about the financial crisis. You are trying to treat symptoms instead of the root cause. The #1 main cause of the whole economic mess is Alan Greenspan and the Fed lowering the interest rates to almost nothing. This is what gave incentive for all of the BS that went on with the lending.
we cant sustain on economy based on tax evasion... we are too big. Thats why tiny ass states like delaware do that stuff. Or tiny ass countries like switzerland.
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