On Company Taxes, U.S. Should Follow World Down: Ramesh Ponnuru
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Aug. 30 (Bloomberg) -- Nations don’t compete with oneanother the way companies do. Pepsi’s gain is almost alwaysCoca-Cola’s loss, but the same doesn’t always, or evenoften, hold true for national economies. Governments docompete in some respects: They want to attract capitalinvestment to their countries, for example, to provide morejobs, higher wages and better products and services totheir people.
That competition offers a reason for optimism that theU.S. Congress will eventually reform our inefficient,investment-destroying corporate taxes.