Chapter 24 Corporate Taxation
نویسندگان
چکیده
“These companies have an obligation to the United States of American to pay their taxes.” Representative Rosa DeLauro, in response to a $10 billion contract to Accenture LLP, which is based in Bermuda in order to avoid paying U.S. corporate income taxes. These sorts of strong feelings arise, in part, because the role of corporate taxation has changed over time. Corporations are taxed on net earnings at a statutory rate of 35%, but in practice face rates that are much lower because of “loopholes.” Figure 1 shows the decline in the share of revenue from the corporate income tax.
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