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Comment by lumberjack

Plus corporate taxes are already very low. The highest nominal tax rates in Europe are around 30%, but that is misleading. The actual real tax rates are somewhere from 5% to 10%, because every country has these "ifs and buts" clauses, that they use to lower corporate taxes, and effective act as a tax haven, while pretending they are not.

Coincidentally, I just checked this statistic on OECD: corporate tax revenue is just around 4% to 8% of total tax revenue. I wonder where these corporations would be if the normal people weren't contributing ~90% of tax revenue for upkeep of state infrastructure, that enables the existence of these businesses in the first place.

https://data.oecd.org/tax/tax-on-corporate-profits.htm

parent lumberjack 9 years ago

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