Biotech Values

[poorgradstudent]

OT:

PGS, is this your strongly held belief?

I think it's a pretty well established fact.

If we dropped the corporate tax rate to, say, 10%*, does anyone honestly believe that Cisco's Chambers would fire his accountants overnight and stop looking for loopholes?



* As jbog notes, 10% is likely to be too high for some. I will welcome corrections but i recall reading that for large profitable firms the effective tax rate is already well under 10%.