Shortages

[Rockstar]

Originally Posted by 3catcircus

Socialists gonna be socialist...

The utter stupidity of lawmakers who think that corporations are just gonna eat a tax increase. They'll either pass it along to they're customers, or employ new tax avoidance measures.

I'm interested to see how many corporations move their home to Kenya or Sri Lanka - or anywhere with a lower tax rate.

Too many countries including the major powers are on the global tax band wagon. Last I saw the opposition to the tax included Barbados, Estonia, Hungary, Ireland, Kenya, Nigeria, Sri Lanka, St. Vincent, Peru and the Grenadines. The only possible good I can possibility see in this is the slim chance those companies that fled offshore to avoid taxes here may return. But still, raising corporate taxes isn’t the answer either because the consumer is still going to get shafted paying them one way or another. What really needs to be reigned government spending.