Burger King
and Buffet are drawing a good deal of Congressional ire
Merger with
Tim Horton’s in Canada means an inversion for the U.S. buyer
Lost in the
outrage and unpatriotic claims
Compete with
the usual corporate greed blame
Just like
our borders are totally porous to the movement of desperate feet
Capital
flows even faster where there are lower taxes to help it compete
At 35 percent
we have the highest corporate tax rate
Riddled with
social engineering exemptions and credits, inversions will increase not abate
Worse we are
the only nation that offers an incentive to profits abroad not repatriate
Two trillion
dollars of earnings stay abroad to avoid the taxes that would await
What would
our economy do if like the amnesty to illegals Obama wants to grant?
We could give
amnesty to the earnings brought home to our economy revamp?
A one year
moratorium on taxes to this country returned
While free
of blame and fair share sound bites we tried to close loopholes but with lower
rates allow business to keep more of what they earned
Maybe in the
climate of partisan D.C. grip a forlorn pipe dream
But unless
we act to reform inversion will continue in a steady stream.
© September
2, 2014 Michael P. Ridley aka the Alaskanpoet
No comments:
Post a Comment