One way or another, inversions are clearly damaging. If they continue, theyâll shift the taxation burden more firmly than ever onto others, including onto the shoulders of small businesses â those bakeries, printing companies, hair salons and other local employers who donât have the resources, the know-how or, bluntly put, the motivation to find creative ways to minimize or eliminate their tax liability. Small businesses have traditionally been stronger job creators than they are at present; leaving them to struggle under an additional burden would be a risky policy move.
Then, too, there is the impact on individuals. Effective federal income tax rates in the United States are lower than they have been in decades; chances are that if inversions continue unchecked, there will be pressure to raise tax revenues elsewhere. more . . .
Then, too, there is the impact on individuals. Effective federal income tax rates in the United States are lower than they have been in decades; chances are that if inversions continue unchecked, there will be pressure to raise tax revenues elsewhere. more . . .