The role of the corporate tax /
Gordon, Roger H. 1949-
The role of the corporate tax / Roger Gordon, Sarada Sarada. - 1 online resource (76 pages) : digital, PDF file(s). - Cambridge elemenets. Public economics, 2516-2276 . - Elements in public economics, .
Title from publisher's bibliographic system (viewed on 09 Aug 2019).
Existing corporate taxes distort many aspects of firm behavior. To the extent that the corporate tax rate is lower than personal tax rates, taxes favor corporate activity, and favor retaining earnings rather than paying earnings out to employees and investors. Multinationals can even avoid these taxes by shifting income into tax havens. Given the ease with which multinationals can evade tax, the existing income tax structure faces major pressures, as reflected in average statutory corporate tax rates halving in recent decades. The Element speculates on alternative tax structures that will avoid these problems.
9781108779982 (ebook)
Corporations--Taxation--Law and legislation.
K4544 / .G67 2019
343.06/7
The role of the corporate tax / Roger Gordon, Sarada Sarada. - 1 online resource (76 pages) : digital, PDF file(s). - Cambridge elemenets. Public economics, 2516-2276 . - Elements in public economics, .
Title from publisher's bibliographic system (viewed on 09 Aug 2019).
Existing corporate taxes distort many aspects of firm behavior. To the extent that the corporate tax rate is lower than personal tax rates, taxes favor corporate activity, and favor retaining earnings rather than paying earnings out to employees and investors. Multinationals can even avoid these taxes by shifting income into tax havens. Given the ease with which multinationals can evade tax, the existing income tax structure faces major pressures, as reflected in average statutory corporate tax rates halving in recent decades. The Element speculates on alternative tax structures that will avoid these problems.
9781108779982 (ebook)
Corporations--Taxation--Law and legislation.
K4544 / .G67 2019
343.06/7
