Monday, March 29, 2010

Mark Steyn on the hidden costs of Obama-care

Mark Steyn has some thoughts on how Obama-care is already costing American corporations money. He also talks about the high tax rate on American corporations. He cites an example of a corporation actually switching to being a Canadian corporation because Canada has lower tax rates:

"I refer you to the decision last year by the donut chain Tim Hortons, a Delaware corporation, to reorganize itself as a Canadian corporation “in order to take advantage of Canadian tax rates.” Hold that thought: “In order to take advantage of Canadian tax rates” — a phrase hitherto unknown to American English outside the most fantastical futuristic science fiction."

0 Comments:

Post a Comment

<< Home