U.S. News and World Report: on Corporations

Rudy Giuliani: Low corporate tax rates encourage business locating in US

A: Suppose you're planning now where to put your business, in the United States or in France [where corporate taxes are low], and you've got a presidential race going on in the US and one side that could win that race is saying, "We are going to raise taxes by $3 trillion"--which is what the ultimate number would be--or they look at rates more, "We're going to raise the rate from 35% to 39.6%" or, "We're going to raise capital gains from 15% to 20%," or one of them says from 15% to 28% & he's reading [French President Nicolas] Sarkozy's book, Testimony, and he hears Sarkozy saying, "I'm going to reduce rates." Sarkozy wants to reduce the corporate rate even though it's already lower than the US Only Japan has a higher one. So if you're making choices like that now and it takes you 2 or 3 years to build your factory or it takes 2 or 3 years to build your office building, I have to imagine if we're not losing business already, we're starting to.