Anonymous
Anonymous asked in Politics & GovernmentPolitics · 1 decade ago

Do you think the number of Corporations leaving the US will be more or less if Democrats raise taxes on Corps?

13 Answers

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  • Anonymous
    1 decade ago
    Favorite Answer

    corporate tax avoidance is epidemic 60% of fortune 500 have paid no income taxes for 15 years or more, Yes they should pay. if they leave %^&* them charge a tariff on the goods they want to sell..corporation say they can't compete but are the largest and most powerful on Earth...Hmmm which is it?

    Of the world's 100 largest economic entities, 51 are now corporations and 49 are countries.

    compiled by Sarah Anderson and John Cavanagh of the of the Institute for Policy Studies in their Report on the Top 200 corporations released in December 2000

    Rank Country / Corporation GDP / sales ($mil)

    1 United States 8,708,870.00

    2 Japan 4,395,083.00

    3 Germany 2,081,202.00

    4 France 1,410,262.00

    5 United Kingdom 1,373,612.00

    6 Italy 1,149,958.00

    7 China 1,149,814.00

    8 Brazil 760,345.00

    9 Canada 612,049.00

    10 Spain 562,245.00

    11 Mexico 474,951.00

    12 India 459,765.00

    13 Korea, Rep. 406,940.00

    14 Australia 389,691.00

    15 Netherlands 384,766.00

    16 Russian Federation 375,345.00

    17 Argentina 281,942.00

    18 Switzerland 260,299.00

    19 Belgium 245,706.00

    20 Sweden 226,388.00

    21 Austria 208,949.00

    22 Turkey 188,374.00

    23 General Motors 176,558.00

    24 Denmark 174,363.00

    25 Wal-Mart 166,809.00

    26 Exxon Mobil 163,881.00

    27 Ford Motor 162,558.00

    28 DaimlerChrysler 159,985.70

    29 Poland 154,146.00

    30 Norway 145,449.00

    31 Indonesia 140,964.00

    32 South Africa 131,127.00

    33 Saudi Arabia 128,892.00

    34 Finland 126,130.00

    35 Greece 123,934.00

    36 Thailand 123,887.00

    37 Mitsui 118,555.20

    38 Mitsubishi 117,765.60

    39 Toyota Motor 115,670.90

    40 General Electric 111,630.00

    41 Itochu 109,068.90

    42 Portugal 107,716.00

    43 Royal Dutch/Shell 105,366.00

    44 Venezuela 103,918.00

    45 Iran, Islamic rep. 101,073.00

    46 Israel 99,068.00

    47 Sumitomo 95,701.60

    48 Nippon Tel & Tel 93,591.70

    49 Egypt, Arab Republic 92,413.00

    50 Marubeni 91,807.40

    51 Colombia 88,596.00

    52 AXA 87,645.70

    53 IBM 87,548.00

    54 Singapore 84,945.00

    55 Ireland 84,861.00

    56 BP Amoco 83,556.00

    57 Citigroup 82,005.00

    58 Volkswagen 80,072.70

    59 Nippon Life Insurance 78,515.10

    60 Philippines 75,350.00

    61 Siemens 75,337.00

    62 Malaysia 74,634.00

    63 Allianz 74,178.20

    64 Hitachi 71,858.50

    65 Chile 71,092.00

    66 Matsushita Electric Ind. 65,555.60

    67 Nissho Iwai 65,393.20

    68 ING Group 62,492.40

    69 AT&T 62,391.00

    70 Philip Morris 61,751.00

    71 Sony 60,052.70

    72 Pakistan 59,880.00

    73 Deutsche Bank 58,585.10

    74 Boeing 57,993.00

    75 Peru 57,318.00

    76 Czech Republic 56,379.00

    77 Dai-Ichi Mutual Life Ins. 55,104.70

    78 Honda Motor 54,773.50

    79 Assicurazioni Generali 53,723.20

    80 Nissan Motor 53,679.90

    81 New Zealand 53,622.00

    82 E.On 52,227.70

    83 Toshiba 51,634.90

    84 Bank of America 51,392.00

    85 Fiat 51,331.70

    86 Nestle 49,694.10

    87 SBC Communications 49,489.00

    88 Credit Suisse 49,362.00

    89 Hungary 48,355.00

    90 Hewlett-Packard 48,253.00

    91 Fujitsu 47,195.90

    92 Algeria 47,015.00

    93 Metro 46,663.60

    94 Sumitomo Life Insur. 46,445.10

    95 Bangladesh 45,779.00

    96 Tokyo Electric Power 45,727.70

    97 Kroger 45,351.60

    98 Total Fina Elf 44,990.30

    99 NEC 44,828.00

    100 State Farm Insurance 44,637.20

  • 1 decade ago

    Historically Corporate America has done rather well in Democratic Regimes.

    They all have Tax Attorneys and you know the more the tax the more they can write-off.

  • 1 decade ago

    hmm didn't seem like it made much of a difference before their taxes were cut, that Obama wants to restore.

    You know you can help keep jobs in the US by telling your emplyer you are wiling to work for $2 a day. That wil be the only thing to keep them from leaving if you work for the same thing communist labor does.

    Obama actually plans to tax the ones doing production over seas more, while taxing the ones that do more production here much less. i would say that will keep more here than what we have been doing since Reagan.

    The only ones leaving are the bigger ones who want to exploit even cheaper labor so they can make sure smaller businesses can't compete whatsoever.

    Do you relaly think Walmart is so successful because they do anything better than anyone else? No it is because they rely on communist labor to do it cheaper.

  • Anonymous
    1 decade ago

    I say we take the tax breaks offw the corps that have alrdy left and put extra taxes on the products the import and take that extra tax money and give it to the corps who stay domestic. This would incourage the corps that moved out to move back as well encourging the corps that are here to stay here.

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  • Anonymous
    1 decade ago

    I don't think it will make much of a difference...

    we can't compete with third world wages... and that's far more than any tax break can offer...

    I've been seeing plenty of factories leave where I'm from over the past 7 years with Bush's tax cuts...

  • Anonymous
    1 decade ago

    Corporations have always passed costs, including taxes, along to consumers, so NO.

  • 1 decade ago

    if we want to be sure that NONE of them leave all we have to do is to enact a law that states that corporations OUTSIDE the usa won't be eligible for govt contracts.

    that would mean no more defense contracts for traitor companies like haliburton, who has shown it's true colors and moved to the middle east.

  • Anonymous
    1 decade ago

    Definitley more... If I owned a wealthy corporation and a socialist won the election and wanted to tax me to death, I'd be out of here in a second.

  • Anonymous
    1 decade ago

    It will be more. The Democrats have made our country so unfriendly to business that companies have had to off-shore their operations just to remain viable. They will never learn, and that is why they must not be allowed to re-enter the White house. Obama would be even worse than the average Democrat, because he is an inexperienced socialist, and that is the worst possible mix.

  • Anonymous
    1 decade ago

    Well we had more companies before the Republican tax cuts in the U.S.

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