Corporate Taxation

60 Minutes did a piece on businesses relocating to Switzerland, namely Canton Zug (by the way, it's pronounced "Tsoog"). A wonderful little city and tax haven right on the Zugersee, famous for producing Zugerkirschwasser, aka Zug Cherry Schnapps. Good with fondue. Anyway, I was surprised by the evenhandedness of the 60 Minutes piece. The USA has the highest corporate tax rate in the developed world, which is ridiculous for two reasons - 1) we're America, so we're supposed to demand low taxes, and 2) corporate taxation is dumb in the first place because corporations just pass the taxes onto the consumer, meaning we end up paying anyway. I hope they wise up in DC. Europe's ahead of the curve on this one.