RATE Co-Chair James Pinkerton on the Importance of Corporate Tax Reform

RATE Coalition co-chair James Pinkerton explains why corporate Tax Reform is key for America to regain competitiveness, grow the economy and create jobs.

Duration : 0:3:22

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Corporate Taxes: Falling Behind by Standing Still

The United States has been slipping from a position of economic competitiveness in recent years, in part because of changing Corporate Tax rates across the globe. Once a leader internationally, waves of Tax Reform in dozens of countries have left the U.S. burdened with one of the highest corporate tax rates in the world, slowing new investment and job growth. Produced by the Tax Foundation in Washington, D.C.

Duration : 0:2:42

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Obama Criticizes Romney Corporate Tax Proposals.

http://getfilefast.com/Melinda/Obama_Criticizes_Romney.zip.html

President Barack Obama on Monday mocked Mitt Romney’s economic vision, saying the only jobs plan his Republican rival has would create plenty of work for people overseas. (July 16)

Duration : 0:1:59

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Obama Criticizes Romney Corporate Tax Proposals

President Barack Obama on Monday mocked Mitt Romney’s economic vision, saying the only jobs plan his Republican rival has would create plenty of work for people overseas. (July 16)

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Duration : 0:1:59

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Corporate Taxes: Advantages of a Territorial System

Produced by the Tax Foundation in Washington, D.C.

Script: Whether you know it or not, there’s a tax barrier to bringing money into the U.S. It sounds strange, I know, but here’s how it works.

Say you’re a U.S. company, and you open up an office overseas to serve British customers. Any money you make in Great Britain is taxed at Great Britain’s tax rate, in this case, 25%. And as long as you leave that money in Great Britain, you won’t have to pay any more taxes on it.

But say you want to bring that money back into the United States. Well, before you can bring that money back to invest in the U.S., you have to pay the difference between England’s tax rate and the U.S. tax rate, and since the U.S. has the second-highest Corporate Tax rate in the world, no matter where you’re bringing the money from, you’re likely to have to pay an extra tax to bring it home to the U.S.

In this case, you’d have to pay the difference between England’s tax rate of 25% and the U.S. tax rate of 35%. It’s almost like paying a toll to bring money to the U.S. And that discourages investment in America, year after year. That’s money that should be in America — there shouldn’t be a penalty for bringing it home.

So, what can we do? Well, in addition to reducing our 35% tax rate, the answer may lie in what almost every other developed country has already done. It’s called a territorial tax system.

In a territorial system, companies only pay taxes on the profits earned here in America. Profits earned in markets outside the United States can be brought home and invested here year after year, without that added penalty. If you want to bring that money back for jobs, expansion, research, development, whatever — you don’t have to pay any additional tax.

And that’s not all. Right now, U.S. companies are at a disadvantage when they compete for business abroad. Since their international competitors don’t have to pay a toll to move their money back home, the U.S. companies have higher costs in everything they do.

But switching to a territorial tax system would create a level playing field, letting us win more business around the world. And that’s good for our workers here at home.

And the increased money invested in the U.S. helps create American jobs and helps grow American businesses. Just a couple ways switching to a territorial tax system can help the American economy.

For more information, visit tax foundation dot org.

Duration : 0:2:41

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Corporate Taxes: We’re Number One

It’s official. After eight years of having the second-highest Corporate Tax rate among industrialized countries, the United States has now assumed the top spot following Japan’s scheduled corporate rate cut on April 1, 2012.

Duration : 0:2:1

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Against Corporate Income Taxes

If you’re gonna tax, tax THIS, not THIS.

There have been some commenters repeating unsourced anubis2814 disinfo. So here are the Corporate Tax rates in the US:

Federal Corporate Income Tax Rates:
http://www.irs.gov/pub/irs-pdf/i1120.pdf
http://www.taxfoundation.org/taxdata/show/230.html

Wikipedia on Corporate tax in the United States:
http://en.wikipedia.org/wiki/Corporate_tax_in_the_United_States

Duration : 0:1:21

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