There should not be a corporate income tax. You can call them business taxes, but they come out of the pockets of real people. Corporate taxes are usually paid by the customers of the corporation.
What I want to know is if this weasel Immelt is getting any remuneration from us taxpayers for the swell job he is doing as jobs czar. What a crock!
The New Learjet...Now Mexican Made
Low Labor Costs Attract Bombardier, Which Employs 1,600; Fuselages Where Cacti Once Stood
BY NICHOLAS CASEY
QUERÉTARO, Mexico—Here at a plant in Mexico’s central highlands, technicians from Bombardier Inc. are putting together a first in this country: A jet that was 85% manufactured south of the border.
The world’s third-largest airplane manufacturer is dipping a toe into Mexico, betting that a combination of local engineers, reduced labor costs and proximity to markets in the north and south are the right mix for the Learjet 85, Bombardier’s newest corporate jet, due out in 2013.
Five years ago, the building’s site in Querétaro was dry cactus fields. Now it is a booming assembly line of half-built fuselages and ...
....Still, some aerospace companies are using Mexico as a base for research and design. GE, the No. 1 producer of jet engines, now has its largest research and design center outsied of the U.S. in Queretaro where some 1300 engineers work. GE is planning future investment in Mexico. In 2015 it planes to open a new $30 million facility it opened early this year a cost of $20 million. The new wing ill house G.E.’s aviation program with roughly 1,000 staff.”
http://online.wsj.com/article/SB10001424053111904233404576458561238682634.html