We should abolish corporation tax.
Quite (and utterly deduceable by common sense, if you think about it).
Indeed, the CBO (a neutral and non-partisan organisation) recently published a paper [PDF] concerning who actually paid the tax in the USA. 70% of it was paid by workers in the form of lower wages, 30% by investors in the form of lower returns. None of it, not a jot, was actually paid by the companies: they're just a convenient bank account to take it from, not the people ultimately paying the tax.
Corporation tax, far from bashing the rich, actually does a great deal of harm to the incomes of the workers. We should abolish it.
Quite (and utterly deduceable by common sense, if you think about it).
1 comment:
DK,
Corporation tax is nothing but a secondary tax on consumption, uber-VAT paid for by customers and collected at the till.
There is no reason for it to exist other than political greed.
Ronald Reagan - "It's people who pay taxes".
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