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Spider Jerusalem

(21,786 posts)

8. Devil's advocate: the US has some of the highest corporate tax rates in the world.

Reply to FarCenter (Original post)

Fri Feb 15, 2013, 03:26 PM

Feb 2013

Among advanced economies, only Japan's is higher.

It's an unpopular position here, but, unfortunately, if the US wants to be internationally competitive and attract investment from multinational corporations, corporate tax rates need to be lower. And indeed Obama has called for lowering the rate of corporate tax from 35% to 28%.

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Cisco Won't Buy Any US Companies Or Hire Any US Workers Until The Tax Code Is Changed [View all] FarCenter Feb 2013 OP

Too bad we can't crash it's stock value. sinkingfeeling Feb 2013 #1

sounds like extortion Buzz Clik Feb 2013 #2

They aren't even trying to hide it anymore n2doc Feb 2013 #3

Pity there is no way to crash their stock value. Dawson Leery Feb 2013 #4

The 1% are fucking out of control. This shit has got to stop. Initech Feb 2013 #5

No more Cisco products for me. broiles Feb 2013 #6

No more for most Americans eventually. GoCubsGo Feb 2013 #7

you buy many ASR 9000 series routers? snooper2 Feb 2013 #12

Probably not, but it will be good for my soul. broiles Feb 2013 #14

Devil's advocate: the US has some of the highest corporate tax rates in the world. Spider Jerusalem Feb 2013 #8

Most corporations here pay no tax in spite of the rate. upaloopa Feb 2013 #11

Exactly. There's a big difference between the nominal tax rate Bake Feb 2013 #15

Cisco's effective tax rate is 12.1% X_Digger Feb 2013 #13

I am for lowering the taxes - IF we close loopholes and get rid of some write offs The Straight Story Feb 2013 #17

Well Proud Liberal Dem Feb 2013 #9

They are evading taxes and want us to let upaloopa Feb 2013 #10

$46 billion in cash means its prices are too high for its products/services nt msongs Feb 2013 #16

Give em the old Cuba/Iran treatment then. TheKentuckian Feb 2013 #18

Still pissy cuz Mittens lost? lpbk2713 Feb 2013 #19