Column: Tax codes cause firms to search for incentives




The world just seems to be filled with stupid, lazy and greedy people.

A Wall Street Journal article a few years back described a really dumb practice of a major American automobile company. Passenger vans produced in Turkey are imported into the United States. As soon as they clear U.S. customs they are shipped to an auto shop. The windows are removed from the vans and panels are installed in their place, and the rear seats are also removed and destroyed. Net of the scrap value, the operation costs a few hundred dollars per van.

Why would a firm make a passenger van outside the United States and then convert it to a commercial van once it has cleared customs? This is the height of stupidity — no wonder American business is losing its competitive edge if corporate executives make such bone-headed decisions.

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