by Dan Mitchell | Nov 4, 2011 | Blogs, Tax Competition, Taxation
Most of us are aware that America has a punitive corporate tax system, but here’s a sobering bit of analysis. Corporations pay more money to governments than they do to their shareholders. Here’s a chart from a recent Tax Foundation analysis. Now here’s something even...
by Dan Mitchell | May 28, 2011 | Big Government, Blogs, Government Spending, Taxation
It’s not often that I am unenthusiastic about the possibility of a nation reducing its corporate tax rate. But when the country is doing the right thing for the wrong reason, I hope that feelings of ambivalence are understandable. In this case, some Irish politicians...
by Dan Mitchell | Dec 15, 2010 | Blogs, Tax Competition, Taxation
Sometimes it’s not a good idea to be at the top of a list. And now that Japan has announced a five-percentage point reduction in its corporate tax rate, the United States will have the dubious honor of imposing the developed world’s highest corporate tax rate. Here’s...
by Dan Mitchell | Nov 18, 2010 | Bailouts, Big Government, Blogs, Economics, Government Spending
Ireland is in deep fiscal trouble and the Germans and the French apparently want the politicians in Dublin to increase the nation’s 12.5 percent corporate tax rate as the price for being bailed out. This is almost certainly the cause of considerable smugness and joy...
