[Paleo Conservative]

The legislators who write our ridiculous tax laws demonize the businessmen who take advantage of the financial incentives to save their shareholders tax expense.

I wouldn't be too quick to condemn these companies. There's lots of European money invested in the US precisely because the US has lower tax rates.

[phil_will1]

"I wouldn't be too quick to condemn these companies. There's lots of European money invested in the US precisely because the US has lower tax rates."

I'm NOT condemning the companies; I'm condemning the legislators who write the laws that provide the incentives for companies to do this and then criticize them for taking advantage of the system that THEY set up!

THe issue isn't the rate of corporate taxation, as I understand it. The US is one of a very few countries around the world that insists on taxing US based corporations on their world-wide income. I read the other day that the only other country that does that is Uganda, or something like that.