non-sense, I'm honestly surprised to see this argument on HN. the value USA provides to high-tech companies is concentration of talent and expertise you won't find anywhere else in the world.
I think you are speaking of the US in it's current state, where the loopholes and lower taxes exist. My point is that businesses are encouraged by financial incentives. If you raise taxes you are incentivizing the company to move jobs elsewhere. Have we not seen this play out with the high cost of labor in manufacturing settings? The same will apply if you tax these companies at exorbitant rates. Long term, you will damage the US jobs market.
Yes, businesses are encouraged by financial incentives and that's why Apple, Google, Facebook and countless of other IT giants and startups are based in Silicon Valley - the most expensive place to hire employees.
Meanwhile corporate taxes and personal income taxes are at record low and it still didn't stop all manufacturing jobs to be outsourced to China.
See your logical fallacy? Sometime "basic econ class" will teach you... well... just the basics.
How does that square with the fact that some of the fastest growing years in the past 100 years were years when the top corporate tax rate was 50% and the personal tax rate exceeded 70%?
Do you know what the effective tax rates were during those years? There was no "alternative minimum tax" to limit the abuse of deductions, which I believe hearing were rampant.
(This isn't to say you are wrong, at all; just that the actual tax businesses are really required to pay must be considered, not the claimed values on the sticker sheet.)
