Geithner says that the Obama administration will introduce rules that will prevent international companies from avoiding American taxes. Perhaps they might want to take action against their own members to make sure that they not avoid paying American taxes.
Rather than being a serious proposal intended for governance, this seems nothing but an emotional ploy in a political campaign. Does Geithner seriously suggest that the administration will take this action? This country is already one of the few nations in the world that taxes its corporations for their earnings abroad.
Rather than attempting to increase taxes on corporations, the administration should be reducing tax payments to allow for job creation. Unfortunately, that basic economic concept seems far too complex for the Obama ideologues.
I would hope that Geithner is embarrassed for making such comments.
Showing posts with label corporate taxation. Show all posts
Showing posts with label corporate taxation. Show all posts
Tuesday, March 3, 2009
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