Showing posts with label Corporate Tax. Show all posts
Showing posts with label Corporate Tax. Show all posts

Friday, 14 July 2017

Obsession with Corporate Tax

Not sure about your obsession to lower corporate taxes, it just creates a massive loophole for the 1%. Tax rate should be on a level with income tax, double tax can be avoided with other measures, eg low income shareholders get rebate etc. Investment is sheltered as depreciation reduces tax rates, dishing out money on repurchasing shares is made less attractive. And the foreign cash? just change the tax code, there is no reason to keep the exemption!
Fiscal Policy Dreaming - Scott Grannis Blog

Tuesday, 2 May 2017

Corporation Tax - even larger loophole advocated

Another study purporting that lower corporation tax leads to higher tax revenues. Problematic as 'other things' are not equal. Cause and effect also not proven. And above all - if author favors even lower (17%?) rate, why should working people be taxed at much higher rates? The lower Corp Tax gets the more it becomes a tax shelter for the Rich. Capital Gains are not taxed on a current basis - no wonder the trend to ever-increasing inequality is intact.
WhyCorporationTaxCutsWork.pdf