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Continued: Readers Write: (May 13): Boko Haram, incarceration, corporate boards, corporate taxes, oil shipping, Barbara Walters

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  • Last update: May 12, 2014 - 6:20 PM

Thanks, Imation, but no thanks, I’ve got to go help an artist install her new sculpture on the Promenade.

Barbara La Valleur, Edina

 

CORPORATE TAXES

Overseas investment is pretty easily explained

The editors at the St. Louis Dispatch just don’t get it (“Is Pfizer poster child for tax avoidance?” Opinion Exchange, May 12). Companies that provide all of the real jobs in this world will always seek the most advantageous locales for doing business. Corporate tax rates are a major criterion in the decisionmaking calculus. If the federal government continues to keep corporate taxes high while simultaneously increasing the already mountainous regulations under which U.S. businesses must operate, more businesses will leave or expand overseas.

Capitalism requires people, businesses and, yes, governments to compete. Unless our elected officials in Washington decide to compete on the world stage to attract both the establishment and growth of businesses, the U.S. government will have little hope in attracting the $2 trillion-plus in capital held overseas by U.S. companies. These businesses will invest it elsewhere, as Pfizer is legally attempting to do.

John Hillen, Minnetonka

 

OIL SHIPPING

Industry takes safety concerns seriously

Contrary to the assertions made in a May 7 editorial (“Face up to threat of oil transport mishaps”), the oil industry takes seriously its commitment to safety.

We are proud of our track record showing that energy transport via rail and pipeline moves materials without incident 99.99 percent of the time. Still, we appreciate that just one incident is one too many. That is why we continually strive to remove risk from our operations. We have assembled top scientists, engineers, and the best experts from our industry, the railroad industry and others to develop a standard for classifying, handling and transporting crude oil.

Even in a tightly run system, however, accidents occur — a reality that is essential in supporting our mission of safeguarding the public. We collaborate with first responders and the U.S. Department of Transportation to improve emergency-responder training by sharing our existing expertise in responding to petroleum incidents to develop the most robust training programs available.

Erin T. Roth, Madison, Wis.

 

The writer represents the Wisconsin-Minnesota Petroleum Council.

 

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