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<p>[QUOTE=&quot;justafarmer, post: 1086747, member: 3926&quot;]China levies what is called an Enterprise Income Tax. Enterprise consisting of partial foreign investment or wholly foreign owned are treated the same as domestic enterprise. It includes worldwide income from production and business operations taxed at a rate of 25%. Foreign and partial foreign enterprise face value added tax, consumption tax, business tax, income tax on enterprises with foreign Investment and foreign enterprises, individual income tax, resource tax, land appreciation tax, urban real estate tax, and on and on.. This same scenario holds true for India and any other developed or emerging country in the world. The government wants their cut. </p><p><br /></p><p>I still believe overhaul of the corporate tax structure is a straw man – at best lowering cost maybe 1% to 2% per unit produced. The cost of abandoning your plant and setting facilities up halfway across the world carries a cost. Shipping your raw materials halfway across the world into a country with an under-developed transportation system carries a cost. Shipping finished goods halfway across the world back to the US carries a cost. In fact I think this cost is significantly greater than 1% or 2% per unit produced. Overhauling the tax structure just isn’t enough to solve the problem of lost jobs to overseas interest - IMO. The problem is bigger than that.[/QUOTE]</p><p><br /></p>

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