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Thursday, March 12, 2009

Is The War On Success Driving Companies Offshore?

As a natural result of President Obama's War on Success, firms are starting to move offshore to escape the crushing US corporate taxes, which are among the highest in the world. The Swiss in particular stand to gain a great deal as they already have treaties with the US in place. This minimizes the consequences for firms. It may only be a matter of time before US citizens of high personal worth make similar moves.

Also, though he was obviously being hyperbolic, it's still not a good sign that a US governor is warning of a Zimbabwe style economic collapse in the US.

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