"I do not know of very many rich Americans who are moving to China to save on taxes."
The point isn't about the people moving to other places to save on taxes. The point is about the money moving to other places to save on taxes. Corporations are relatively mobile: they will go where makes the most economic sense for them. Tax rates inform that economic calculus in a very big way.
no subject
"I do not know of very many rich Americans who are moving to China to save on taxes."
The point isn't about the people moving to other places to save on taxes. The point is about the money moving to other places to save on taxes. Corporations are relatively mobile: they will go where makes the most economic sense for them. Tax rates inform that economic calculus in a very big way.