.Yes TM7, Listen to the political rhetoric coming from the likes of you, liberals in congress and the White House. I'm stating the reasons for the structural tax issue that’s driving tax revenues and jobs off shore. All some here can do is play the political game of blaming the evil corporations. As if that approach has worked! And while the obamanation and his ilk are blaming the evil corporations, one of his Czars the King Jeffery of GE, the King of Corp Tax avoidance. He has managed to off-shore profits of sales to foreign tax entities outside the USA via various means to avoid our ridiculous corp tax code. GE paid tax, they just paid it to Germany, England, ect. Why, because they can, it is perfectly legal and while we can call them tax avoiders, Germany, Ireland and England love him.
The real evil is the big government taxers are to blame for the off-shoring of jobs, manufacturing and profits that could be taxed here if our tax code was not so screwed up by people who think like you. People, business and corporations have a choice. Tax structure in a global economy must be competitive. If it is not, business will work to avoid it here because they have no choice. You think you can paint business into a corner by raising their tax, and they simply escape out the window. If they don't escape, they die and many are thanks to people who think like you. No experience in real business, no experience running a P&L operation in a global environment, no experience having to compete for business in foreign countries.
Ask yourself, why is it a country like Germany can have such a huge manufacturing base and export so much of the worlds capitol & heavy equipment? Low corp. tax. Just an example. Corporations are incented to bring operations there for this type of high technology or complex industry. 10% lower tax rate than the USA is enough to make your business work or not work. 10% to a company that generates say $10b in revenue is $1b dollars that comes directly out of the bottom line of the P&L. Look at the balance sheet of one of these manufactures in Germany and take out your calculator. Add $1b in the cost of running the business line and I bet you just about anything, they will show a loss.