It was a big part of the last presidential campaign and most assuredly will be part of the on-going debt ceiling-financial cliff-econopalyspe discussion that will be taking place over the next few FOREVER! Also, because it's the start of the New Year, our thoughts will slowly start drifting to one of our favorite seasons of the year: Tax Season, or more specifically, Corporate Tax Season.
One of the heated arguments that was pretty constant and ongoing during the presidential election is how high America's corporate tax rate is compared to the other industrial powers in the world. Politicians, corporate business leaders, bankers, manufacturers- everybody that has a stake in, opinion of or participates in outsourcing- point to America's burdening and suffocating corporate tax as the great push for these companies to go overseas. Is America's corporate tax rate really that high though? Read more to find out. [More]