Professor Elam

Sunday June 26, 2011

Here is a great video on how companies move off shore to reduce their exposure to  the US 35% tax rate.

Another example of terrible US tax policy. This is why there are billions in US corporate cash offshore. As the video concludes, nobody pays the 35% tax rate, they hire legions of accountants to avoid doing that. So the rate as most high rates do, just encourages creative tax avoidance schemes to avoid the tax.