Capital Commerce

Even Japan is Cutting Corporate Taxes

November 10, 2008 RSS Feed Print

Only Japan has a higher corporate tax rate than the United States. But maybe no longer. It looks like Toyko is taking out the meat cleaver to boost its economy.

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Frusty keys in on profit margins and still doesn't get it. Taxing higher percentage profits is just more of the same: punishing success. In this era of bailouts why do you liberals insist on punishing comapnies that do their jobs well?

Pat D of IL 3:35PM November 10, 2008

Dorfy, I wish the new Admin would go for a flat tax rate for EVERYBODY. If not, then the corporate tax rates should be based on the profit percentage of the company not on the $ amounts. Thus if I'd make more than a certain percentage of profit in my corp, then I'd pay x amount, no other loop holes needed then and fairer to all corporations.
The press does not do the public good by reporting $ amounts, but would do better to state the percentage.

Frusty of CO of CO 10:26AM November 10, 2008

Again - let's look at the difference between the tax tables and the EFFECTIVE RATES AFTER DEDUCTIONS. This is something McCain left out all the time in his "economic" anti-tax conversations.
I think it's irresponsible for writers like you to title articles and write cryptic comments leaving a false picture. Japanese and American business would not have risen to such great heights if they were so heavily penalized without some compensating benefits.
Most American businesses are masters in the art of avoiding taxes by using all available loopholes. If one complains about taxes here, then as an alternative, one could remove all loopholes and go with flat rates on everyone. Then you would really hear business scream.

Dorfy of SC 9:58AM November 10, 2008

Even Japan is Cutting Corporate Taxes

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