US Corporate Tax Rate So Punitive that Companies Are Moving to Welfare States

“I was a bit surprised couple of years ago to read that an American company re-located to Canada to benefit from better tax policy.  But I wasn’t totally shocked by the news because Canada has been lowering tax rates, reducing the burden of government spending, and taking other steps to make its economy more competitive.  But I am downright stunned to learn that America’s high corporate tax rate is such an outlier that companies are even moving to welfare states such as the United Kingdom.”

http://danieljmitchell.wordpress.com/2012/08/30/americas-corporate-tax-rate-is-so-punitive-that-companies-are-even-moving-to-welfare-states-like-the-u-k-to-be-more-competitive/

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