If a foreign corporation has operations here in the U.S., do they pay corporate income taxes on their profits to the U.S. or to their own country where they are headquartered? Why should a foreign company come to the U.S. when they can employ their own citizens. France and other European countries have free health insurance for their citizens, paid from income taxes. If a French company comes to the U.S., they would have to offer health insurance to the employees, and that is very costly here. Anyhow, it's cheaper for a company to build products in China and other low cost countries. Why do you think American companies outsource jobs to other countries. Who in the U.S. or Europe would work for $1 per hour with no benefits?
What is wrong with Europe? I go there every summer and the cities of Europe are amazing with their splendid architecture, the history, the museums, and beautiful women. Beautiful beaches and mountains as well. Check out these pics from one the most beautiful places in the world that I have been to, Positano, Italy... http://www.flickr.com/photos/28329597@N06/4500848367/ http://www.flickr.com/photos/tiflosourtis/3705998715/