Make Them Pay
Citizens for Tax Justice and the Institute on Taxation and Economic Policy in the US research shows that nearly a third of 280 corporations surveyed didn’t pay taxes or even got a tax break.
More shocking with this news is that the corporations that were part of the survey – a mere fraction of the corporations in the US and Canada – received more than $223 billion in subsidies from various levels of US government.
All of this is proof that high corporate taxes are not the problem.
The more I read stuff like this, the more I want a simple tax system where there are NO deductions from income and a very reasonable and lower flat tax of, say, 10% on all activity. This would solve a LOT of problems in most economies.
It would also put a lot of lawyers and lobbyists out on the street!