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.

Posted in ,
Giacomo Marini

Giacomo Marini – The Man Who Builds Tech Giants

Marini is a Silicon Valley-based entrepreneur and investor with extensive hands-on management experience in starting and growing new businesses, identifying, and leveraging emerging technologies, developing, and growing great management teams capable of operating on a global level. Marini has been Chairman and CEO of Noventi Ventures, a Silicon Valley-based technology investment firm, which he founded…

Goodbye 2021

Goodbye 2021, Hello 2022!

Goodbye 2021, hello 2022, finally! Here’s a brief review of our 2021; goals for 2022 to follow shortly.  In so many ways we are glad 2021 is behind us. It was a very difficult year for many businesses and individuals; too many had businesses closed, experienced hardships and lives were shattered and lost.  Our heartfelt…

Why You Should be a Philanthropist

Why You Should be a Philanthropist

This article has been Updated: Why should you be a Philanthropist?  Because life is full of opportunities. There are opportunities to start something new, like a business or a family, as well as opportunities to make a difference. Many of the world’s wealthiest people start their road to success and wealth with the single objective…

Pulak Sinha

Pulak Sinha – The Dawn of Asset Tech

Pulak is the Founder & CEO of Pepper. Pepper is the next generation of smart digital infrastructure for asset managers bringing together the latest in cloud, artificial intelligence, open architecture, and user interface technologies. Before leaving to start building the digital platform that would become Pepper,Pulak was a founding member of GSO Capital Partners —…