I'd hate to try and get into a cynicism bidding war, but one of m'gamer buddies is of the view that most of the US "FDI" (lack of) corporation taxes get funnelled back via Delaware anyway, where they'll pay even less, and the "attractive to inward investment" rate mainly ends up being paid by domestic companies, who might otherwise have been milked for a good bit more, and UK and German financial services companies tax-dumping without any meaningful economic activity here.
I suspect it's testament to just how dire things are that the corp-tax-rate situation isn't being pushed by the rest of the 'zone. Will Hutton (of The Observer, etc) was on the phone to one of the news programmes to opine that RoI couldn't expect to be getting bailed out by the very same countries that are having their "tax bases stolen", as he put it. Apparently it can, but is still very deep in the mire anyway.
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Date: 2010-11-25 00:47 (UTC)I suspect it's testament to just how dire things are that the corp-tax-rate situation isn't being pushed by the rest of the 'zone. Will Hutton (of The Observer, etc) was on the phone to one of the news programmes to opine that RoI couldn't expect to be getting bailed out by the very same countries that are having their "tax bases stolen", as he put it. Apparently it can, but is still very deep in the mire anyway.