Taxes on profits are independent of the country of production, unless you're suggesting that imported tools are accompanied with tax write-offs. Taxes depend on country of incorporation, which is why Ingersoll Rand is incorporated in Ireland, and many companies are incorporated in Bermuda and on other islands.
Didnt say the companies did it for a taxes write off.. They do it to not have to pay high taxes...
Production is outsourced to save on labor, which in most industries, is the largest direct cost.
This is a well known fact... When you buy gas for your car do you try to find the lowest priced gas or just go to whatever gas station you see no matter what the price is?
Jobs, and production, are sent to China to increase the margin on many products. Never to lower the price, of course, but to reduce the cost and keep the same price, or even to increase it.
Yeah, but think about this for one second... How much does R&D cost followed up by the use of the best materials (good metal vs cheap metal, durable plastic vs cheap plastic which plastic is made from oil and cost to ship is also associated with cost of oil...). All of this costs money. Think of the iPhone for example, look at its cost to manufacture along with cost of each part... But what about the cost of design, programming, etc. No one brings that up in a discussion, only that said item cost the company "said" amount in parts.
If you don't care about what Made in USA means, that's fine, but don't try to act like its disappearance on products is because of the government, and the government alone. Everyone is out for their own profit, government, companies and people. The government hasn't made it impossible for business.
I do care but facts are facts and it is the reality of it... Had to fix the comment by adding a key word.. Out of anything I made in this post this part is the most important question: When you go to work do you care
more about your bosses paycheck, a coworkers paycheck, your neighbor next door at home paycheck, an executive of the competitor companies paycheck, or your own paycheck?
Who's expenses (mortgage, food, gas, etc) do you care more about?
Who's taxes do you care more about?
We can nit pick what a company does to make money, but you can be nit picked on the decisions you make as well... What make you more special than someone else?
If all imported tools faced a 30% tariff, see how much that profit tax would matter, or even if they were forced to pay the difference in labor costs as a tariff, whether they'd continue to manufacture overseas.
Car manufactures from Europe deal with this on pickup trucks or cargo vehicles imported to the USA (chicken tax). And they deal with it through a loophole.
I'm no left-winger, but I won't sit idly while people who work in this country make excuses for others to send jobs overseas.
Sorry to say but its their money in the end, just like your money is your money and anyone can nit pick you on how you spend your money. This in return is what many people are doing.
But like the old saying goes: money talks, bullsh¡t walks. You really want to make a change then do so with your money because words are just words.