“For decades, the United States has participated in a self-defeating international tax competition, lowering our corporate tax rates only to watch other nations lower theirs in response. The result was a global race to the bottom: Who could lower their corporate rate further and faster? No nation has won this race,”
Translation, "We want to have these corporations in our country so badly that we keep paying more and more for them in order to compete with the other countries that also want them. We now want to collude with these other countries to keep our costs lower."
Sounds an awful lot like price or salary fixing. Who is actually going to pay for this in the end?
Translation, "We want to have these corporations in our country so badly that we keep paying more and more for them in order to compete with the other countries that also want them. We now want to collude with these other countries to keep our costs lower."
Sounds an awful lot like price or salary fixing. Who is actually going to pay for this in the end?