It is a very appealing thing right to merge with foreign firms and move abroad. You get tax breaks and potentially a lower cost of labor. Offering tax breaks and making it easier for companies to get these tax breaks is only letting U.S. Companies have their cake and eat it too.
It may be cheaper for US companies to move abroad; however this type of merger is taking jobs away from US citizens. The unemployment rate is at a high. Instead or trying to make more of a profit and the ceo's and board member's pockets fatter, they need to look at the econmic state of their own country.
No, the U.S. Treasury should not impose more burdens on U.S. companies. U.S. companies should be supported and not hindered in any way because it is important to have strength here in America. We should be able to support ourselves and not look to foreign assets to support our economy.
As a small business owner who is struggling to keep my business afloat in this economy, I understand why U.S. companies may seek ways to reduce their tax bills by merging with foreign firms and moving abroad. In an effort not to lose money and have to lay off employees, business may seek this option to save money on their taxes. I would prefer to see hardworking employees kept on the job and taxes reduced for the businesses than see penalties put in place that cause mass layoffs and businesses having to shut down.