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? asked in Politics & GovernmentPolitics · 8 years ago

With the highest corporate income tax,highest wages and plethora of regulations, is the Affordable Care Act?

With the highest corporate income tax, highest wages and plethora of regulations, is the Affordable Care Act another incentive for US Corporations to go offshore?

Update:

Money talks , CNN is just talk, Fortune 500 companies do not pay the 35% top rate because they take their profits in foreign countries (and pay taxes there) rather than repatriating the profits and paying the higher US corporate tax. Exxon Mobile is a great example. The top rate actually lowers the revenue the US receives.

The top rate moves their profit overseas ,ACA will moved the jobs overseas.

@joe if nobody pays the 35% rate , why does it exist?

5 Answers

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  • ?
    Lv 7
    8 years ago
    Favorite Answer

    Nope. American businesses are just cutting employees hours to part-time. American businesses are just providing health care to the employee. American businesses are no longer insuring the FAMILY of the employee. American businesses will TRY to stay in America. But, if we push them hard enough---they WILL leave.

  • Joe
    Lv 7
    8 years ago

    > With the highest corporate income tax,

    Just speaking to this point, do you know how many of the Fortune 500 actually pay that top (35%) corporate tax rate?

    Do you know? All of the Fortune 500 companies have their annual reports online. You can check.

    You don't want to check for yourself? OK, I'll tell you. The number of Fortune 500 companies that pay the top 35% corporate tax rate is:

    Zero. None. Nil.

  • Griggnax
    Lv 7
    8 years ago

    Only for the greedy.

    The effective corporate tax rate is 12.6%. Which is among the LOWEST in the world.

    http://money.cnn.com/2013/07/01/news/economy/corpo...

  • Anonymous
    8 years ago

    obama proposed lowering the corporate tax rates and getting rid of many of the corporate deductions

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  • Anonymous
    8 years ago

    yes it is best alternative

    Source(s): current situation
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