"Medical-device maker Medtronic Inc. (MDT) has become the latest big American business to make a big acquisition driven in large part by the appeal to move corporate headquarters to a more tax-friendly country.
Prospects for broad corporate tax reform are remote given the current political realities in Congress -- even more so after House Majority Leader Eric Cantor’s primary loss last week.
Companies (and their boards and lawyers) clearly are taking matters into their own hands by pushing ahead with tax-motivated financial engineering."
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
How about this idea to revive Detroit? Let corporations based there only have to pay 10% in corporate taxes. Michigan would soon rival Delaware as a corporation base.
Thomas Sowell: There are no solutions, just trade-offs.
