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Insight - U.S. companies may not be fleeing due to high tax rate, Reuters analysis shows

2015-02-09 07:40:42| Semiconductors - Topix.net

When a series of big U.S. companies last year moved to reincorporate abroad in inversion deals, some Republican lawmakers and tax policy critics blamed the high U.S. corporate tax rate. Lowering it, they said, would keep companies from fleeing the country.

Tags: high due rate shows

Ferrari 'fleeing' Italy prompts debate on losing country's icons

2014-12-11 19:01:27| Industrial Machines - Topix.net

The possibility of shifting its tax residence from the iconic Maranello headquarters, where its first sports cars were built in 1947, is generating a debate in Italy about the risk of losing the country's most famous brands as the economy struggles to emerge from its longest recession. Bloomberg reported on Wednesday that Ferrari is considering moving its fiscal residence outside Italy to save on corporate taxes, according to people familiar with the matter.

Tags: italy debate icons losing

Escaping the wealth gap can mean fleeing hometowns

2014-11-16 01:31:57| Automakers - Topix.net

This Illinois city already was struggling when Tara Holycross and her friends were kids riding their bikes to Custard Cup, swimming at the park district pool and hanging out in the Wendy's parking lot. Manufacturers that provided thousands of well-paying, middle-class jobs -- General Motors, General Electric, Hyster -- were closing.

Tags: gap wealth escaping fleeing

Escaping the wealth gap can mean fleeing hometowns

2014-11-10 19:12:53| Automakers - Topix.net

This Illinois city already was struggling when Tara Holycross and her friends were kids riding their bikes to Custard Cup, swimming at the park district pool and hanging out in the Wendy's parking lot. Manufacturers that provided thousands of well-paying, middle class jobs - General Motors, General Electric, Hyster - were closing.

Tags: gap wealth escaping fleeing