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Comment Taxes rates should be competitive! (Score 0) 432

If a country wants to lure more businesses inside its borders, it needs to make it worthwhile for the businesses. Taxes are simply an expense. Like any other part or material, a business is likely to shop around for the best deal. Rather than trying to use the law to penalize businesses for sound business practices, a country should seek to make its tax rates competitive on the global scale.

As a business, it takes work and costs money to reduce your tax burden. Clearly Apple has been quite successful at this but it didn't happen for free. Compliance costs might even make a rate here in the US higher than 2% make sense for them and save them money. Clearly our unreasonable 35% rate is enough to make most large businesses jump through myriad hoops to save money and makes for an inhospitable economic environment for many companies who used to be based here.

We need to find what rate would allow companies like Apple to keep their money here and adopt that rate immediately.

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