Who said Taxes ?
By glazou on Wednesday 7 April 2004, 15:47 - Bushisms - Permalink
- between 1996 and 2000, 61 % of US companies have payed no taxes on profit at all
- in 2000, 31% of US companies payed less than 5% of taxes in profit
- and only 0.1% payed more than 30%, while the "normal" rate is 35%
Liberal hmmm? Laws of the market? World Trade Organization? Fair Competition?
Comments
Implications of this data aside, it should be noted that corporations do not really pax taxes anywhere - taxes are considered a cost, and then passed onto the consumer.
Without comparison with other countries, these figures are not very relevant (and from the article "But it [tax paid] has been falling at an even faster rate in many other countries"). And after having read the article, the reality is more subtle. First, not all companies are profitable. Would it be a good thing that all compagnies pay a lot of taxes ?
What do corporate taxes have to do with fair competition on the world market?
Adam