News

You Can’t Engineer Your Way Around America’s Corporate Tax Rate

[credit provider=”trothwell on flickr” url=”http://www.flickr.com/photos/trothwell/6812854573/”] The theme of this year’s Technology Day at MIT was advanced manufacturing in the U.S. Kresge Auditorium was close to capacity with alumni from all reunion years.Learned MIT faculty weighed in on the importance of proximity between engineers and factories. The Atlas Device story was […]
You Can’t Engineer Your Way Around America’s Corporate Tax Rate
Markets

Eaton Is The Latest American Corporation To Ditch The US Because Of High Taxes

[credit provider=”Eaton Corporation | Facebook” url=”https://www.facebook.com/eatoncorporation/photos?ref=ts”] (Reuters) – Eaton Corp’s purchase of electrical equipment maker Cooper Industries means another U.S. company will soon leave the United States in favour of relocating its headquarters to a foreign country with sharply lower taxes.In the case of diversified industrial manufacturer Eaton (ETN.N), a […]
Eaton Is The Latest American Corporation To Ditch The US Because Of High Taxes
News

Europeans Really Must Love Getting Taxed

No one likes paying taxes. You’d think. And it’s not just income taxes but a slew of other taxes. In San Francisco, we already have an 8.5% sales tax—but propositions to increase the state portion are worming their way onto the November ballot. At least we get to vote on […]
Europeans Really Must Love Getting Taxed
Markets

America’s High Corporate Tax Rate Hurts Everyone

BERKELEY – The United States now has the highest statutory corporate-income tax rate among developed countries. Even after various deductions, credits, and other tax breaks, the effective marginal rate – the rate that corporations pay on new US investments – remains one of the highest in the world.
America’s High Corporate Tax Rate Hurts Everyone
News

26 Major Corporations Paid No Corporate Income Tax For The Last Four Years

[credit provider=”Courtesy of Sotheby’s Realty” url=”http://www.sothebysrealty.com/eng/sales/detail/180-l-912-4000016297/castillo-caribe-cayman-islands-real-estate-south-sound-other-grand-cayman-gr-cayman”] 20-six of the largest U.S. companies made more money after tax than before tax over the last four years, according to Citizen’s for Tax Justice and reported by Pat Garofalo at ThinkProgress.The report is an update of a 2010 study by Citizens for Tax Justice and the Institute on […]
26 Major Corporations Paid No Corporate Income Tax For The Last Four Years
Markets

OECD: The US Officially Has Highest Corporate Tax Rate In The World

[credit provider=”Tax Foundation / OECD” url=”http://www.taxfoundation.org/UserFiles/Image/Fiscal%20Facts/ff_294_graph.png”] With Japan dropping their corporate tax rate to 38% on Sunday, America now leads the world in corporate tax rate at 39.2% reports the OECD.While most nations have seen their rates steadily decline over the past 20 years, America has had a relatively stagnant […]
OECD: The US Officially Has Highest Corporate Tax Rate In The World
News

PETER SCHIFF: Not Even Communist China Taxes Corporations As Much As America

[credit provider=”STATIC6 on flickr” url=”http://www.flickr.com/photos/static6/374412911/”] The communist revolutions in the 20th century sought to nationalize the wealth generated by privately held industries back to the “exploited” workers on whose backs the profits were supposedly derived.  America has made the rejection of this idea and its support of free market principles […]
PETER SCHIFF: Not Even Communist China Taxes Corporations As Much As America
Markets

Cutting Corporate Taxes Is A Good Idea, But It Won’t Stimulate The Economy

[credit provider=”CBS News”] This post originally appeared at CBS Moneywatch. The White House is proposing to cut corporate income taxes from 35 per cent to 28 per cent. President Obama also recommends that manufacturers get a further cut, to 25 per cent, and he wants to impose a minimum rate on foreign earnings […]
Cutting Corporate Taxes Is A Good Idea, But It Won’t Stimulate The Economy
News

The Secret To Getting A -45% Corporate Tax Rate

The “Occupy Wall Street” movement may have settled down since last October, but a new study comparing 30 U.S. corporations’ effective tax rates to the amount spent lobbying Congress should fire up the 99 per cent.
The Secret To Getting A -45% Corporate Tax Rate