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re: Trump's Magic Wand Strikes Again: Fiat to spend $1 billion locally
Posted on 1/9/17 at 9:17 am to Salmon
Posted on 1/9/17 at 9:17 am to Salmon
quote:
yes but they were planning on doing this before Trump, so
why can't we just give a kudos to Fiat?
Let me ask you this, do you really think, a company will spend $1 billion to expand operations locally under a Clinton administration that will preserve the highest corporate tax rate in the world, as opposed to moving to Mexico, amid no penalties to do so under a Clinton Presidency, and pay some of the lowest corporate taxes in the world?
Think objectively, as a business owner, if you had the option of staying, paying exponentially more in taxes to produce the same product vs. leaving, paying a fraction in taxes to produce the same product with no penalties...which would you do? You really buying that Trump's policies aren't factoring into their decision? Really?
Posted on 1/9/17 at 9:19 am to BugAC
quote:
You really buying that Trump's policies aren't factoring into their decision? Really?
if they planned this a year ago, I don't see how Trump's policies matter
Posted on 1/9/17 at 9:25 am to BugAC
quote:
Think objectively, as a business owner, if you had the option of staying, paying exponentially more in taxes to produce the same product vs. leaving, paying a fraction in taxes to produce the same product with no penalties...which would you do?
There are many more factors at play here. Where is demand coming from, labor requirements and costs, cost of re-tooling an existing facility vs. building a new one., etc., etc.
With that said, no one should be "celebrating" implementation of "big border taxes" and "heavy relocation fines". They're anti-market tools that hurt companies, workers and consumers.
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