And another one bites the dust

The United States 'enjoys' the highest corporate income tax level of any nation in the world.

General Electric moved their entire medical imaging division to China and just sold their home appliance division.

Burger King went up to Canada via the Tim Hortons deal.

Now this - from Nuclear Street:

Hitachi Nuclear Business Considering Move to UK
The head of Hitachi has said his company is considering a move to the UK for its nuclear power business.

The Japanese conglomerate works in partnership with General Electric to market the ABWR and ESBWR boiling water reactors and the Generation IV PRISM sodium-cooled reactor. The American side of the partnership, known as GE Hitachi Nuclear Energy, is based in North Carolina. The partnership's Japanese side, known as Hitachi GE Nuclear Energy, is currently based in Hitachi City, Japan.

On Tuesday, London's Telegraph newspaper quoted Hitachi CEO Hiroaki Nakanishi as saying London's position as Europe's unofficial financial capital would make it an ideal headquarters for the Japanese company's nuclear power operation. A move would take place after permission is granted for Hitachi to build new reactors at the UK's Wylfa plant.

 Business as usual - give us the nice lucrative contract for the Wylfa plant and we will move our corporate offices to London and you can tax those profits at a lower rate than what we would be paying in the USA.

Has nobody in Washington ever heard of the Laffer Curve?

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About this Entry

This page contains a single entry by DaveH published on September 11, 2014 12:11 PM.

Domestic bliss was the previous entry in this blog.

Now this is interesting - crystallized light is the next entry in this blog.

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