Tag: oecd
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US Corporate Taxes: How Do They Compare?
Paul Krugman points us to a CBO comparative study (PDF) of corporate taxes in developed countries. Short story: ours are pretty much in the same ballpark as other prosperous countries, by various measures. Ours tend to incentivize investments funded by debt, as opposed to equity. Nothing to see here, folks. Move along. One table I…
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Government: BAD? — Part 3: Taxes and GDP Growth
Do higher taxes result in slower growth? That’s the basic assertion made by tax-cut advocates. If we lower taxes, we’ll grow faster and all boats–rich and poor–will rise. It’s a great idea. Too bad it’s not true. Few will disagree that in the short term (generally), tax increases impede growth. But over the long term…