On Fri, Jul 1, 2011 at 12:33 PM, John Harvey <[email protected]> wrote: > If you are running a business that has overseas facilities, you would be > wise to keep the money over there at a lower tax rate. We need to have > inducements for our own businesses to bring their money back and invest > locally, not a penalty for such action. Behavior Mod 101. ---------------------
I want to make sure I have this straight. ABC corp opens up a facility in Mexico, India and S. Korea. They shut down facilities in USA. All product shipped to USA is made at reduced cost and shipped back here. High profits are made for a few shareholders. Potential thousands of Americans are laid off. You now say lower the tax rate ABC that should pay so some of the money comes back? The decision to invest in Mexico, India and S. Korea was made here. If they are not investing locally why would they suddenly change direction? Sorry but that is such a #FAIL. Is this idea brought by the same people that brought us trickle down economics? The name said it all. Some money will trickle out of the wealthy hands. -- Stephen Russell Unified Health Services 60 Germantown Court Suite 220 Cordova, TN 38018 Telephone: 888.510.2667 901.246-0159 cell _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
