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1 percent taxes
Topic Started: Feb 19 2012, 08:21 PM (1,668 Views)
Stoney
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Brewster
Feb 20 2012, 09:59 PM
Quote:
 
We should not have a corporate tax. It just lends to cronyism limits the ability of the company to compete globally.

I don't see how, Stoney.

I would say it's allowing subsidies and tax breaks that leads to cronyism. As for the global picture, all countries that I'm aware of have corporate taxes, so it isn't hurting your trade position.
If there wasn't a tax there wouldn't be the ability to favor some over others with subsidies and tax breaks.
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Chris
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Stoney
Feb 21 2012, 06:09 AM
Brewster
Feb 20 2012, 09:59 PM
Quote:
 
We should not have a corporate tax. It just lends to cronyism limits the ability of the company to compete globally.

I don't see how, Stoney.

I would say it's allowing subsidies and tax breaks that leads to cronyism. As for the global picture, all countries that I'm aware of have corporate taxes, so it isn't hurting your trade position.
If there wasn't a tax there wouldn't be the ability to favor some over others with subsidies and tax breaks.
Bingo.

"all countries that I'm aware of have corporate taxes, so it isn't hurting your trade position."

Fact is they all have different tax rates and levels of protectionism. Those with the lowest, among many other factors, are more economically free, and produce greter wealth.
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