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Report Says The US is a “High Tax” Economy
The US and Canada have been grouped in with the Republic of Congo, China, Brazil and Germany in a new study by the CD Howe Institute. The report by the Canadian conservative think tank shows that the US has some of the highest effective tax rates on capital among 81 developed and developing countries.
Deep Cuts Inflict Ford MotorsClosures and layoffs – These are two of the most troublesome dilemmas facing Ford Motor Company and its employees. Ford reported earlier the closure of its two factories and the laying off of approximately 10,000 workers. These events are brought about by the automaker’s plan to cut expenses to cope up with its previous losses.