Forum (Forum & Focus)
Sep. 17, 2008
Confusing Tax System Encourages Businesses to Move Jobs Elsewhere
What few economists and almost no ordinary Americans understand is that our own Internal Revenue Code actually encourages businesses to move jobs to other countries, writes Theodore P. Seto. - Forum Column
FORUM COLUMN
By Theodore P. Seto Our tax system, in interaction with the systems of other countries, gives tax breaks to businesses that move jobs and plants out of the United States. And it penalizes multinationals parented here, regardless of where they locate their productive capacity. Economists assume that U.S. jobs move elsewhere because costs are lower elsewhere. Maybe so, maybe not. What few economists and almost no ordinary Americ...
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