“If I were running the world I would have low corporate taxes, and get at the yearning for equality some other way, like consumption taxes.” – In the free trade of the world today, corporations can move freely from one country to another. A high corporate tax rate in one country will drive a corporation out of that country into another that has a lower tax rate. And the corporations that migrate to lower-tax venues, when they get there, will put their surplus capital into local banks. Want to know how Singapore and Hong Kong became the two financial centers of Asia? Low corporate taxes
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