@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ Date: Thu, 12 Oct 1995 04:38:20 -0700 Sender: LECLERC YVES <•••@••.•••> Subject: RKM re: Corp Tax Giveaways On Mon, 9 Oct 1995, Richard K. Moore wrote: > William Greider, in "Who Will Tell the > People?" reports that one of the major consequences of the Reagan era was > the "gutting of the tax codes" -- in particular, the drastic reductions in > corporate taxation. > > Another thing: in all the campaign talk about restructuring tax burdens in > the last U.S. presidential election, which talked about rich, poor, and > middle class _individuals_, the issue of _corporate_ taxation was > conspicuously absent. Don't forget one factor: the unhealthy competition between governments around the world to attract large corporations with tax exemptions. Country X offers a 10-year tax haven to BigCorp, which takes advantage of it. Once the free ride is over, BigCorp puts this facility on the block and JapCorp buys it... under the condition that the tax rebate continue -- and that the local government give up land taxes in the bargain. Meanwhile, BigCorp has found that State Y or Province W is offering tax-free status in the Z Industrial Park, so it moves its operation there... and so on and so forth. Let this merry-go-round continue for three or four decades, and you end up where we are today: the public tills are empty, the citizens (who can't move around at will) are overtaxed, while corporations make more money than ever while paying fewer taxes... and fewer salaries. Yves Leclerc Dead-End Democracy? or open-ended government... Montreal, Quebec @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ Yeah, that does put things in better perspective: while people pay taxes to governments, governments pay taxes to corporations! (only slight exaggeration, given that municipal services in industrial areas frequenly exceed taxes collected). -rkm ~=-=-=-=-=-=-=-=~=-=-=-=-=-=-=-=-=~--~=-=-=-=-=-=-=-=-=~=-=-=-=-=-=-=-=-=~ Posted by Richard K. Moore <•••@••.•••> Wexford, Ireland (USA citizen) Editor: The Cyberjournal (@CPSR.ORG) World Wide Web (shared with cyber-rights): http://jasper.ora.com/andyo/cyber-rights/cyber-rights.html http://www.cs.virginia.edu/~hwh6k/public/cyber-rights.html FTP: ftp://jasper.ora.com/pub/andyo/cyber-rights You are encouraged to forward and cross-post messages and online materials, pursuant to any contained copyright & redistribution restrictions. For commercial re-use, contact the appropriate author. ~=-=-=-=-=-=-=-=~=-=-=-=-=-=-=-=-=~--~=-=-=-=-=-=-=-=-=~=-=-=-=-=-=-=-=-=~
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