Article 2

U.S. Firms Move Abroad to Cut Tax

August 29, 2012

By JOHN D. MCKINNON And SCOTT THURM Article comes from The Wall Street Journal

Summary
:Nowadays, many big U.S, companies are moving their factories to abroad in order to cut taxes. Also they determine to move their cite for expanding the operations and geographic reach. The company, AON expected to reduce its tax rate, which average 28% over the past five years. However, the government didn't try its best to deal with the problems as well as offered better solutions. According to the companies which stay in overseas, they are satisfying something that they can pay small amount of money for taxes. Therefore, Obama administration encourages U.S. companies to stay in America, Also he emphasized that American companies should grow their power and then join the global competition. Especially, taxation advocates American business to gain best position to compete with global countries.

My opinion
:In my opinion, many huge U.S. companies have no choice but to move their places to abroad. Because  paying taxes is the most serious problem that they have to figure out. If I were the president of my own Company, I would move the factories in order to cut taxes and manage my company with small money. Obviously, it is hard for companies to pay amounts of taxes in every month or year. However, Obama administration encourages or attracts its companies to stay in U.S. I hope that this system will use effectively in the future.