Quote:
Originally Posted by Paul Markham
Yes high taxes do scare businesses offand the very rich.
I would imagine some of those overseas businesses went overseas for more reasons than corporate tax. It's just one part of running a business, available labor, cost of labor, property, etc. Far more important than Corporate taxes. Do Cisco have plants in India and other Third World countries?
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I'm sure they do. He was saying that even when it comes to engineering facilities that they still pay higher salaries for they are working overseas because of the tax rate. Obviously there are other reasons, but it looks like out country is not helping them out as much as they could.