Wednesday, August 5, 2009

When Communists Are Telling You To Stop Taxing So Much...

This is in reference to America expanding its taxing of citizens and firms living abroad to be even stricter in Asia. It is important to note that the United States is the only developed country to still use this archaic, growth stifling form of accounting. Anywho, here's the quote:

"America is locking itself in behinds its own great tax wall," says Laurence Lipsher, a certified public accountant in China.

Source: The Economist, July 25th Issue

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