Guest Guest Posted April 1, 2011 Report Share Posted April 1, 2011 This is no big discovery because I watched it on 60 minutes. Nine major U.S. companies have moved to Ireland, I would never have thought of that. General Electric, Google, and others. This is because Ireland is only charging them 3.5 to 9% tax instead of the U.S. which is trying to offer 20% from the current 35% to get them back. It's obvious why they would move, they pay very little tax and the folks in Ireland are swimming in good paying jobs. How do you propose we get these companies back? It's now a global economy due to the computer generation so you can set-up shop anywhere. Why pay 35% tax when you can pay 3.5% as in GE's situation. When you consider that GE deals with hundreds of billions of dollars, even 10% would be better than nothing. Any thoughs? Quote Link to comment Share on other sites More sharing options...
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