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Paperback The Role of the Corporate Tax Book

ISBN: 110874799X

ISBN13: 9781108747998

The Role of the Corporate Tax

(Part of the Elements in Public Economics Series)

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,...

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