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by autoexecbat 632 days ago
This implies it doesn't really matter what the corporate tax rates are

But this is testable in reverse, what happens to tax revenue when corporate taxes are cut? The tax revenue goes down.

2 comments

> what happens to tax revenue when corporate taxes are cut? The tax revenue goes down.

Sure? I'm talking specifically about significantly cutting income taxes in combination with raising corporate taxes and expecting to end up with the same tax revenue.

People also forget that corporate taxes are a consumer burdon as they are the ones who are passed these costs to pay them. Profits aren’t going to be impinged.
And then market forces will decide to reward companies that do not follow that policy (assuming it's not a monopolistic market). The company which does not pass its costs will be able to capture the market easily.

Seeing this in action right now, between the supermarket chains in my European town's central square.