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SoundBytes 156: Why Do Some Companies Move Offshore? August 27th, 2008
Why do some companies move offshore?

The Institute for Policy Innovation’s Dr. Merrill Matthews says Congress should learn a lesson from them.

Senator Hillary Clinton is mad—that is, angry.  

She claims a growing number of companies are flocking to places like the Caymen Islands to avoid paying U.S. taxes. And she wants to punish them by denying them any government contracts.

But she never addresses why some companies move offshore. The U.S. has one of the highest corporate tax rates in the world. And some Democrats want to raise them even higher.

Clinton says she wants to reward “responsible companies” that stay inland.  

Of course, Exxon does just that, yet many Democrats want to punish it and other oil companies with a huge “windfall profits tax.”

Truth is responsible companies, like responsible people, try to legally minimize their tax bill. Wouldn’t it be nice if Congress would do the same?

Click on the icon below to listen to this 60 second SoundByte, that has aired or is currently airing on XM Satellite Radio's CNN and Fox News channels.

Tax Breaks

Posted in  Economic Growth  Government  Politics  SoundBytes podcasts  Tax  || 0 Comments »
Author: SoundBytes || Location: Lewisville, Texas, USA

 

  
 
August 27th, 2008

SoundBytes 156: Why Do Some Companies Move Offshore?

Posted in  Economic Growth  Government  Politics  SoundBytes podcasts  Tax 
Author: SoundBytes || Location: Lewisville, Texas, USA

Why do some companies move offshore?

The Institute for Policy Innovation’s Dr. Merrill Matthews says Congress should learn a lesson from them.

Senator Hillary Clinton is mad—that is, angry.  

She claims a growing number of companies are flocking to places like the Caymen Islands to avoid paying U.S. taxes. And she wants to punish them by denying them any government contracts.

But she never addresses why some companies move offshore. The U.S. has one of the highest corporate tax rates in the world. And some Democrats want to raise them even higher.

Clinton says she wants to reward “responsible companies” that stay inland.  

Of course, Exxon does just that, yet many Democrats want to punish it and other oil companies with a huge “windfall profits tax.”

Truth is responsible companies, like responsible people, try to legally minimize their tax bill. Wouldn’t it be nice if Congress would do the same?

Click on the icon below to listen to this 60 second SoundByte, that has aired or is currently airing on XM Satellite Radio's CNN and Fox News channels.