Re: Corporate taxes need a major fix, April 11 editorial (reprinted from Bloomberg View).
(Thinkstock)
The editorial regarding corporate taxes is timely and important. There are a few details missing that might help readers understand the dilemma even more.
First, these inversions are to European countries that have lower corporate rates but higher individual tax rates than the United States. Remember, those are the countries that provide universal health care and deeper safety nets for their citizens. In addition, they have very minimal military defense costs. The corporate executives don t move to Europe — just the corporate tax liability. That is why inversions are so appealing, but also questionable.
Also, it is nonsense to imply that if President Obama would enthusiastically take this on, it would happen. His attempts to address this have been met with the same Republican hostility and obstructionism as everything else. To imply otherwise adds to the flow of misinformation.
Mark Zaitz, Denver
This letter was published in the April 16 edition.
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