Jamie Whyte writes for City AM
In the article Jamie makes the point that corporate tax rates have been falling all around the world since the 1980s. This is a good thing because corporate taxation is one of the most inefficient ways of raising funds for government spending.
The loss it causes to the population far exceeds what revenue it raises. In this regard, it is far worse than land taxes, consumption taxes, and taxes on income from labour. But corporate tax rates have not fallen because politicians seek the most efficient tax system. They have fallen because of tax competition.
Read the full article here.