That means that the main financial benefit to China takes the form of wages paid for the assembly of the product or for manufacturing of some of the inputs.
Frankly, I think your right that corporate taxes are averted and if paid would be passed on the consumer, which if returned to the consumer in the form of wages would not cause me to have have a problem with that.
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The remarkable fact is that, even though the earth's population has more than trebled in a century, the best measure of the scarcity of resources price has fallen virtually throughout that time for just about everything extracted from or grown in the earth, yet has risen, in the form of wages, for the one thing that has become far more abundant: people.
Reducing the corporate income tax would actually benefit more people since the tax is paid by employees in the form of lower wages, by consumers in the form of higher prices, and by shareholders (many of whom own stock through mutual funds in their retirement accounts) in the form of lower returns on their investment.
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So we can say that the incidence of the FTT will be upon workers in the form of lower wages, upon consumers of financial products in higher prices and that the incidence, the loss of income resulting from the tax, will be over 100%.
The people that will bear the burden of the tax are the workers in the form of lower wages.
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That competition will take the form of improving wages and conditions in order to attract that labour so that profits can be made from them.
Even where they have been making record profits, companies have hoarded their cash rather than pay more out in the form of higher wages, which have stagnated even as employment has increased.
As the tax hike obviously would not raise worker productivity, employers would be unwilling and unable to bear the tax, and it would be passed on to workers in the form of reduced wages or benefits.
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They also argue that because there are cases in which companies paying above-market wages reap offsetting gains in the form of lower turnover and greater worker loyalty, raising minimum wages will lead to similar gains.
Members of the committee also expressed concern that the BBC was ready to consider publishing details of the pay of non-celebrity staff, albeit in the form of broad salary bands, when it refused to release the wages of "talent".
However a lack of liquidity in shares, or a languishing or reduction in share value can make employees wish they had opted for higher wages or another form of incentive compensation.
On her 2007 tax return, Rogers excluded 100% of her United wages on Form 2555- EZ, Foreign Earned Income Exclusion.
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Clinton and Obama frequently address issues that hit home for unions -- wages, protection of the right to form unions, health insurance, cutting taxes for the middle class and reworking trade agreements that some union members blame for job loss.
In some cases it started off as a form of wage restraint in the dark days of the 1990s: companies cut basic wages and employees hoped that performance-related pay might make up the difference, which it did not always do.
The story goes back at least as far as World War II, when industries, desperately competing for labor but unable to raise wages under wartime price controls, began offering health insurnace as a form of compensation exempt from wage restrictions.
Labor-saving inventions, technology, business processes, and trade all increase productivity output per hour worked and form the basis for higher wages as well as higher profits and the basis for our growing standard of living.
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