What to Do About Corporate Taxes?

What to Do About Corporate Taxes?

What to Do About Corporate Taxes?

The debate over corporate taxes has raged for years, but even though the battle has been going on for decades, it has definitely experienced some changes. The business world, and the world in general, has changed since the days when Ronald Reagan was in office. That means politicians have also changed their battle cry.

It used to be that democrats argued that higher corporate taxes wouldn’t hurt economic growth. However, these days, conservatives no longer have to argue that point. Instead they simply have to say that these high domestic corporate taxes have influenced many corporations to invest outside of the country instead of within.

The fact is the tax effect on where you invest is now much larger than the tax effect on your actual investment. Unfortunately, although the developed world in large part understands this and has acted accordingly by lowering their corporate taxes, the Unite States still seems to be clinging to the past.

The evidence is clear though that the gap between the rich and the poor in the United States continues to grow. However, those that think that taxing the rich even more will solve the country’s economic disparity, should probably think again.

If the U.S. continues to tax corporations at a high rate there is a good chance that both foreign and American multinational companies will keep moving more investments, as well as jobs, to other countries. That is not a wining formula.

GROCO understands both domestic and international taxes, as well as individual and corporate taxes. Contact us today to learn how we can help you.

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Alan Olsen, CPA

 

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

 

Alan L. Olsen, CPA, Wikipedia Bio

 

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The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

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MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

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