ClydeR
03-24-2009, 03:28 PM
If the government suddenly said you would incur more onerous and expensive tax regulations and reporting requirements if you moved your business to a low-tax state such as Texas or Florida from a high-tax state such as New York or California, you would be justifiably outraged. Now substitute Switzerland and Bermuda for Texas and Florida, and France and Germany for New York and California, and you'll understand a new form of "tax protectionism" that is infecting Washington.
More... (http://online.wsj.com/article/SB123733986323064857.html)
I never thought of it that way until I read that article from the Wall Street Journal. When you think of it that way, it makes perfect sense! Congress should definitely not try to pass protectionist tax laws.
More... (http://online.wsj.com/article/SB123733986323064857.html)
I never thought of it that way until I read that article from the Wall Street Journal. When you think of it that way, it makes perfect sense! Congress should definitely not try to pass protectionist tax laws.