Friday, January 28, 2011

LOWER CORPORATE TAXES???

Kevin Drum linked to this NY Times article that provides an interesting breakdown of effective corporate tax rates:
One reason for the disparity is that the higher taxed industries can't just move overseas:
[L]ow effective tax rates are common in industries like pharmaceuticals and computer equipment where it is easy to shift technology and manufacturing to low-tax jurisdictions. In industries where customer markets and the provision of services are largely domestic, the opportunities for reducing taxes through cross-border profit shifting are limited.

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