by Dan Mitchell | Jul 24, 2022 | Blogs, Taxation
Adding to already voluminous research in the area (including studies from Australia, Canada, Germany, and the United Kingdom), I wrote yesterday about a new study showing that lower corporate tax rates produce more economic growth. Not that these results should be a...
by Dan Mitchell | Jul 23, 2022 | Blogs, Economics, Taxation
Here is the argument why corporate tax rates should be as low as possible. High corporate tax rates discourage investment.Less investment reduces worker productivity.Lower rates of productivity result in lower wages. In an ideal world, there would...
by Dan Mitchell | Jun 22, 2022 | Blogs, Tax Competition, Taxation
As part of my continuing efforts to derail Biden’s global minimum tax on businesses (here’s Part I and Part II), I explain the downsides of the president’s plan in this clip from a recent interview. If you don’t want to spend three minutes to watch the above video, my...
by Dan Mitchell | May 3, 2022 | Blogs, Tax Competition, Tax Harmonization, Taxation
A few months ago, I reiterated my opposition to Biden’s proposed corporate tax cartel as part of a longer discussion with Australia’s Gene Tunny. The main takeaway is that the proposed “minimum global tax” is an agreement by politicians for the benefit of...
by Dan Mitchell | Apr 20, 2022 | Blogs, Taxation
During the debate about the Trump tax plan, proponents made three main arguments in favor of reducing the federal corporate tax rate from 35 percent to 21 percent. A lower rate would be good for workers, consumers, and shareholders.A lower rate...
