Corporate Tax

U.S. federal and state governments have imposed one of the world’s highest corporate tax rates. High tax and strict regulations are often too costly for small- and medium-sized businesses, and many corporations merge to reduce costs and make management more efficient. But this results in a greater concentration of power and wealth among the few. The largest corporations end up avoiding paying corporate taxes altogether by taking advantage of loopholes.  Should small and medium-size corporations be given corporate tax breaks to try to curtail the growing economic disparity that high corporate tax rates indirectly create? Or is there a different solution?  Left-wing politicians are always promising to go after big corporations and get them to pay more taxes, but that never seems to happen.

Employee-owned and -run corporations (co-ops) are designed to self-regulate, since the owners are also workers, and they tend to distribute power and capital gains among all the employees of the corporation. Co-ops tend to act more responsibly with their local environment because the worker-owners are also local residents. Should Co-ops be exempted from corporate tax? What effect would this have overall on the business economy?


3 Comments Add yours

Public Comments?

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.