I read this, and the whole time I am thinking, I thought the British free health care was expensive?
coming to you live from police state "Kville"
But they're doing this to avoid corporate taxes, not personal income taxes. By moving their "company" overseas, they're avoiding paying corporate taxes here. But since they're not actually LIVING overseas, they don't have to pay any income taxes there, either.
At least, that's how I'm interpreting this.
Either way, they're screwing over our country.
Apples are good,
Oranges are bad,
Lemons are rude,
Bananas are perverted,
And kumquats are just, plain evil...
I hate to break it.... but companies have been moving overseas to avoid taxes for YEARS. When Bush was president, companies were doing this. I don't recall Republicans ever getting into a huff then. But now that Obama's in office, its a calamity. Bill Maher and Keith Olbermann were grousing about this a long time ago. I guess when a Republican is in office, this sort of thing is just clever capitalism. But when a Democrat is in office, the poor business owner is forced out of the country by higher taxes.
How about we take politics out of it and just call it what it is.... corporations trying to get out of paying their taxes. All the rich guys do it, and they've always done it. Its why accountants and lawyers make so much money. I don't really blame them anymore than I blame a pro sports player who requests a trade to a state with no income tax.