Originally Posted by Ajax-Prime
Clearly, the combination of huge public debt and having the highest corporate taxes in the world has worked well for Japan. We should follow that model.
Just imagine how much more money could be reinvested in the US if we didn't have such an oppressive corporate tax policy. If I had to guess, companies probably spend in the 100s of millions, if not billions, to set up corporate structures that allow them to minimize their tax burden in the US. I believe now that the Obama administration wants to alter the tax code to try to tax money that isn't repatriated to the states -- all that will do is force more companies to move their HQs overseas to countries that don't have such oppressive tax codes.