We should consider lowering our income tax rates to equal Hongkong or Vietnam or Thailand. One of the major reasons why many locators do not like the Philippines is because they would have to pay their executives more takeout to equalize take home pay. For example, Hongkong has a tax rate of 17% while our marginal income tax rate is 32%.
Francis EscuderoRelated topics
equal example home income lowering major marginal pay rate should take tax while vietnam takeout philippines ratesRelated quotes
First, the oil and gas business pays its fair share of taxes. Despite the current debate on energy taxes, few businesses pay more in taxes than oil and gas companies. The worldwide effective tax rate for our industry in 2010 was 40 percent. That's higher than the U.S. statutory rate of 35 percent and the rate for manufacturers of 26.5 percent.
John S. Watson
I forget what the relevant American rate is, but I can tell you that our goal is to have a combined federal-provincial corporate tax rate of no more than 25 percent. We're on target to do that by 2012. We will have significantly - by a significant margin the lowest corporate tax rates in the G-7, and that's our - our government's objective.
Stephen Harper
Perhaps the greatest social service that can be rendered by anybody to the country and to mankind is to bring up a family. But here again, because there is nothing to sell, there is a very general disposition to regard a married woman's work as no work at all, and to take it as a matter of course that she should not be paid for it.
George Bernard Shaw
While the happy couple are enjoying the thrill of the rose garden, the in-laws are saying that they are just not right for each other. We keep telling them that they cannot pay couples to stay together, and it is clear that it will take more than a three-quid-a-week tax break to keep this marriage together.
Harriet Harman
I am sure that never was a people, who had more reason to acknowledge a Divine interposition in their affairs, than those of the United States and I should be pained to believe that they have forgotten that agency, which was so often manifested during our Revolution, or that they failed to consider the omnipotence of that God who is alone able to protect them.
George Washington
