The role of the corporate tax / Roger Gordon, Sarada Sarada.

By:

Gordon, Roger H. (Roger Hall), 1949- [author.]

Contributor(s):

Sarada [author.]

Material type: Text

TextSeries: Elements in public economicsPublisher: Cambridge : Cambridge University Press, 2019Description: 1 online resource (76 pages) : digital, PDF file(s)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9781108779982 (ebook)

Subject(s):

Corporations -- Taxation -- Law and legislation

Additional physical formats: Print version: : No titleDDC classification:

343.06/7 23

LOC classification:

K4544 .G67 2019

Online resources:

Click here to access online

Summary: 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.

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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.

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NLU Meghalaya Library

Online Public Access Catalogue (OPAC)

The role of the corporate tax / Roger Gordon, Sarada Sarada.