Thursday, March 12, 2009

Democrats hate out sourcing

Yet they are the main cause for corporations leaving the United States for more tax friendly countries. Only makes common sense, why would corporations want to pay more taxes and make less profits? Which is why I've been saying the best way to get out of the recession is to cut taxes and promote growth than that raising taxes and making it harder to grow the economy.

The tidy towns and mountain vistas of Switzerland are an unlikely setting for an oil boom.

Yet a wave of energy companies has in the last few months announced plans to move to Switzerland -- mainly for its appeal as a low-tax corporate domicile that looks relatively likely to stay out of reach of Barack Obama's tax-seeking administration.

In a country with scant crude oil production of its own, the virtual energy boom has changed the canton or state of Zug, about 30 minutes' drive from Zurich, beyond all recognition. Its economy was based on farming until it slashed tax rates to attract commerce after World War Two.

This is what happens when you threaten to raise taxes...

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