Brian27

High U.S. Corporate Taxes Are a Myth

Obviously the writer is oblivious to the fact that corporations do not pay taxes but collect taxes from its workers, investors and consumers.

In a competitive world economy investment goes to were it receives the highest return. Hence, very little of the corporate income tax is collected from investors.

In a competitive world economy corporations cannot pass on the cost of the corporate taxes to consumers because they can buy a foreign substitute product with the lowest price.

So who is left holding the bag and paying for corporate taxes? Employees of the corporation of course. They can't move their labour services between countries to avoid paying the corporate tax. So employees end up paying the cost of corporate taxes. Some studies show up to 90% of the tax incidence falls on labour.