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Israel Attacks Iran, Report Says - LIVE Breaking News Coverage Earth is Scorched with Heat Antiwar Activists Chant ‘Death to America’ at Event Featuring Chicago Alderman Vibe Shift A stream that makes the pleasant Rain sound. Older Men - Keep One Foot In The Dark Ages When You Really Want to Meet the Diversity Requirements CERN to test world's most powerful particle accelerator during April's solar eclipse Utopian Visionaries Who Won’t Leave People Alone No - no - no Ain'T going To get away with iT Pete Buttplug's Butt Plugger Trying to Turn Kids into Faggots Mark Levin: I'm sick and tired of these attacks Questioning the Big Bang James Webb Data Contradicts the Big Bang Pssst! Don't tell the creationists, but scientists don't have a clue how life began A fine romance: how humans and chimps just couldn't let go Early humans had sex with chimps O’Keefe dons bulletproof vest to extract undercover journalist from NGO camp. 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Iceland Volcano Erupts For Third Time In 2 Months, State Of Emergency Declared Tucker Carlson Interview with Vladamir Putin How will Ar Mageddon / WW III End? What on EARTH is going on in Acts 16:11? New Discovery! 2023 Hottest in over 120 Million Years 2024 and beyond in prophecy Questions This Speech Just Broke the Internet This AMAZING Math Formula Will Teach You About God! The GOSPEL of the ALIENS | Fallen Angels | Giants | Anunnaki The IMAGE of the BEAST Revealed (REV 13) - WARNING: Not for Everyone WEF Calls for AI to Replace Voters: ‘Why Do We Need Elections?’ The OCCULT Burger king EXPOSED PANERA BREAD Antichrist message EXPOSED The OCCULT Cheesecake Factory EXPOSED Status: Not Logged In; Sign In Business See other Business Articles Title: Germans Fear Tax Cut Will Spur US Investment and Growth Source: Powerline URL Source: http://www.powerlineblog.com/archiv ... r-us-investment-and-growth.php Published: Dec 20, 2017 Author: John Hinderaker Post Date: 2017-12-21 02:54:18 by Tooconservative Keywords: None Views: 109 The Democrats in Congress and the press have frantically tried to convince the American people that cutting businesses taxes won’t do any good. This view is delusional, but we hear it so often it almost begins to sound plausible. Here is a contrary view from a different source, German industry: “Germans fear huge loss of jobs from US tax reform.” German investment in the US is expected to rise by €39 billion because of lower US corporate taxes. While Americans are anxiously awaiting full details of the tax bill now being finalized in Congress, German economists are warning that the changes sought by President Donald Trump mean that significant amounts of new investment and jobs will shift from Europe to the United States. “The tax competition will have a new dimension,” said Christoph Spengel, chairman of the corporate tax department at the University of Mannheim. Mr. Spengel, who is also a research associate at the Center for European Economic Research, and a group of tax experts at the university have done a detailed comparison of the two countries’ tax systems and published a report under the heading, “Germany loses out in US tax reform.” Clemens Fuest, who heads the Ifo economic think tank, also said he believed German business would suffer. “Investments and jobs will migrate to the US,” he said. The report itself is dense and technical, but interesting. A few readable excerpts: Scholars and politicians from both US parties agree that the high statutory corporate income tax rate of up to 39% (35% federal rate) is a devastating factor in international tax competition and should therefore be decreased (see, e.g. Avi-Yonah and Mazzoni 2017, see Devereux et al. 2008 for an analysis of competition over tax rates). Scholars certainly agree, but “politicians from both parties”? Someone better tell Nancy Pelosi. When considering the changes in US outbound FDI [Foreign Direct Investment] and US inbound FDI, total investment within the US will increase more than in Europe once the tax reform is implemented. This means that despite the overall expansion after the US tax reform which is expected to foster FDI in all countries, the US will benefit disproportionally by additional inward FDI. Which means that Europeans will be creating American jobs. Finally: The expected significant reduction in the statutory federal corporate income tax rate from currently 35% to 20% [Ed.: The final rate was 21%] will presumably have a substantial impact on the location attractiveness of the US in global tax competition. As evident from Figure 6, the proposed corporate tax reform would improve the US competitive position relative to the EU Member States from being among the jurisdictions with the highest effective corporate tax burden to a jurisdiction with a comparatively moderate effective tax rate. It is hard to understand how the Democrats can deny basic economic realities that European economists regard as virtually self-evident. That isn’t the Democrats’ biggest problem, though. They will really have a lot of explaining to do when a large majority of Americans see their paychecks increase in February. Poster Comment: For many years, I've suspected our outrageously high corporate tax rates were a way to deliberately hobble American business domestically and give companies incentives to move operations overseas, as a prelude to expanding international control and eventual world government. There was never a good reason to handicap American business this way unless it served another purpose. Like subsidizing the EU and Japan and SKorea and China. Trump is determined to change these fundamentals that harm American business and American consumers so he can get Americans a better trade/wage deal as he always pledged to do during the campaign. 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