Thats basically what happens when countries lower their taxes corporations go there. It seems to be something that the current administration doesn't seem to understand, if we're charging higher taxes, higher labor costs, for essentially the same service why not move elsewhere? Most businesses would want to stay in the US but when the US seems to be raising taxes for successful businesses, is there any reason not to move?
Our jobs do not leave the US for the most part due to taxes, but due to how cheap labor costs (low pay, no benefits) are overseas. We could eliminate corporate taxes and jobs would still flow out to China, India, etc due to how they work for pennies on the dollar, with no OT, benefits.
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Thats basically what happens when countries lower their taxes corporations go there. It seems to be something that the current administration doesn't seem to understand, if we're charging higher taxes, higher labor costs, for essentially the same service why not move elsewhere? Most businesses would want to stay in the US but when the US seems to be raising taxes for successful businesses, is there any reason not to move?
Our jobs do not leave the US for the most part due to taxes, but due to how cheap labor costs (low pay, no benefits) are overseas. We could eliminate corporate taxes and jobs would still flow out to China, India, etc due to how they work for pennies on the dollar, with no OT, benefits.