Editorial: Keeping profit overseas to keep it at all - Opinion - The Orange County Register

I provide location advice to owners and occupants of industrial buildings in Southern California.

In a recent article by the Orange County Register, the tax impact of corporate relocation was examined and the findings noted.

We have made the case for years that when taxes are raised on corporations, there are predictable consequences:

First, companies pass on added costs to customers, who actually pay the bill in higher prices.

Second, increased taxes create incentives for companies to minimize what they pay. They might economize on operating expenses, and risk losing customers. They might lobby politicians for new tax "loopholes" to keep what otherwise would be lost in higher taxes, but that risks public backlash.

And, as the Register story pointed out, businesses will shop for more tax-friendly venues. High California taxes drive businesses out of state. High U.S. taxes drive them overseas.

You can read the entire article by clicking on the link below:

Editorial: Keeping profit overseas to keep it at all - Opinion - The Orange County Register