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1 Scott A. Hodge, Contrary to Fair Share Claims, Businesses Are Central to Tax Collection Systems 1 (2018)

handle is hein.taxfoundation/ctfscb0001 and id is 1 raw text is: 









FISCAL
FACT
No. 588
May  2018


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leading independent tax policy
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@2018 Tax Foundation
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Editor, Rachel Shuster
Designer, Dan Carvajal
Tax Foundation
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Contrary to Fair Share Claims,

Businesses are Central

to Tax Collection Systems


Scott A. Hodge
President, Tax Foundation


Key Findings

   *  Although there is no empirical standard for what constitutes a fair share
      of the tax burden, tax fairness is often used by leading international
      organizations, such as the European Commission, and non-governmental
      organizations (NGOs) such as the Tax Justice Network, to justify higher taxes
      on businesses and corporations.

   *  Recent studies show that businesses and corporations contribute significantly
      to government  coffers through the taxes they are legally liable to pay and the
      taxes they are required to collect and remit on behalf of others.

   *  A recent study by the Organisation for Economic Co-operation and
      Development  (OECD)  found that corporations and businesses pay an average
      of 33.5 percent of the total taxes collected by 24 leading OECD countries.

   *  The Czech  Republic has the most business dependent tax system, with
      businesses contributing 52 percent of all collections. Six countries receive
      more than 40 percent of their total revenues from business-Austria, France,
      Italy, the Netherlands, Poland, and Spain.

   *  Another study by international economists found that corporations and
      multinational enterprises paid a total of $3.2 trillion in taxes to developing
      nations, nearly half of their total tax collections.

   *  Policymakers must be careful about trying to raise the tax burden on
      businesses because the ultimate economic burden of these tax hikes will
      ultimately fall on workers through lower wages, shareholders through lower
      returns, or consumers through higher prices or fewer goods.

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