U.S. politicians often profess a desire to champion small businesses — and businesses in general. The economic development and job creation they bring are important.
But what promotes small businesses often promotes larger ones too — things like lower taxes and fewer regulations. And the reverse is also true. High taxes and too many regulations can cause businesses to flee.
Policy makers who doubt this, need do nothing more than look at the departure of Burger King to Canada. Though, Burger King denies it, the fact that Canada’s corporate tax rate is 15 percent versus 35 percent in the U.S. was probably a factor, reports Slate.
Carl’s Jr. Flees California Over High Taxes
Posted by lyceum under TaxesFrom http://smallbiztrends.com 3163 days ago
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