GD writes in with a couple more arguments and reminders about Corporate Tax Rates (including GorTs favorite). Sorry: sometimes we assume that you all know this, but GD is right to add this in for our many first-time readers:
Dread, Awesome, etc.,
I humbly also submit (as the Gormogons have previously pointed out) that corporations do not pay taxes, only individuals do. Corporations may collect taxes, but ultimately the consumer pays the tax. I also suggest the success of Ireland is not due only to the low corporate tax rate (which certainly helps) but also the fact they speak English which makes it a prime source for call center and technical support workers. Currently en vogue for the “best shoring” efforts are Brazil and Argentina, thanks mostly to an educated workforce with passable English skills, and sharing timezones with the US. As always, I suggest the FairTax, which drops the corporate collection burden to zero and gives companies a huge incentive to hire and produce in the US.
Keep on Gormogonin’
Божію Поспѣшествующею Милостію Мы, Дима Грозный Императоръ и Самодержецъ Всероссiйскiй, цѣсарь Московскiй. The Czar was born in the steppes of Russia in 1267, and was cheated out of total control of all Russia upon the death of Boris Mikhailovich, who replaced Alexander Yaroslav Nevsky in 1263. However, in 1283, our Czar was passed over due to a clerical error and the rule of all Russia went to his second cousin Daniil (Даниил Александрович), whom Czar still resents. As a half-hearted apology, the Czar was awarded control over Muscovy, inconveniently located 5,000 miles away just outside Chicago. He now spends his time seething about this and writing about other stuff that bothers him.