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Letter: Where do I sign up?

Published on Friday, June 11, 2010 Email To Friend    Print Version

Dear Sir:

US corporations use tax havens to force effective territorial taxation of their businesses so that they can compete with every other country that only taxes inside its borders.

Since the US sees fit to violate its “no taxation without representation” mantra when it comes to companies spanning borders, business deals with the situation by establishing HQ in tax neutral jurisdictions. Each country is thus able to tax only the activities inside its own borders instead of inside everyone else's. The people who complain about this arrangement are people who seek what they don't earn.

As for those poor Americans hired through Cayman; they also don't have to pay 15percent of their salary into a government-run Ponzi scheme, which taxes them more than they'll likely ever recover. Unemployment insurance on the private market costs less than 1 percent of salary so any American who wants these valuable “benefits” can avail himself of them at 1/15th the cost of the tax. A person employed via this route should net a nice 14 percent gain on their own check. Where do I sign up?

John Haubrich
Reads : 1086


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