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Ted Weidner's avatar

Regulations and mandatory reporting, which are often federal rather than state, add to small business costs. Large corporations have economies of scale to address all the regulations, small businesses don't. Thus, cost savings by operating in a low/no-tax state is a significant advantage particularly when the small business serves customers in multiple states.

Similarly, the proposed international minimum tax hurts all companies. While the current administration claims an international minimum tax prevents a 'race to the bottom' it also reduces exports/import trade and the opportunity for corporations to grow through cost minimization. and business innovation. If the Europeans want a minimum tax, that's their decision; it should not be a reason for the US to follow. In addition, Congress is responsible for taxing. Delegating taxing authority to a non-US entity (or to the Secretary of Treasury) is a violation of the US Constitution.

The bureaucrats in the federal government need to pay attention to their duties and focus on improving value for US Citizens rather than themselves.

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