Kasz216 said:
Soleron said:
Viper1 said:
1. When you tax a company too much, they start looking elsewhere in the world where the taxes don't rape the,. We already have the highest corporate taxation in the world. Tax them for transferring money and they'll just move to another country.
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How about levying taxes whether they are headquartered there or not, if they wish to even trade in that US? Based on the percentage of revenue or profit earned within the US?
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That would be a coprorate Vat. It's the way i'd go, heck we'd only need a corporate VAT of like 3% to replace our current 35% number. Bump that up to 5 and you've still got a huge discount for all the job creators.
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That's what I would do to replace the entire corporate tax system. Just levy a 2.5% or 3% VAT on anything brought/sold in the US. That way, there are no ways around it, and/or it doesn't discourage manufacturing in the US.