Article View: alt.folklore.computers
Article #620068Re: Important US technology companies sold to foreigners
From: Anne Lynn Wheeler
Date: Wed, 07 Feb 2018 18:34
Date: Wed, 07 Feb 2018 18:34
16 lines
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2941 bytes
ma...@mail.com writes: > Having a tax rate that was so high was stupid, specially as the tax > was so easiy avoided. People have told me that executives would be > fired if they did not avail of such scams. recent analysis about high corporate tax during Eisenhower years was that companies had more incentive to reinvest in the operation & people since it was tax deductable ... drastically reducing tax rate eliminated those incentives ... being able to buy tax loopholes from congress distorted business decisions ... since it became focused around how to take advantage of the loopholes. Financializations and financial innovation since late 70s & early 80s ... including combination of MBAs focus on short-term & dumbest idea about returning value to stock holders ... attributed to destoring US corporations.
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