Publication: Taxing Business
Bird, Richard M.
Economists are sometimes accused of agreeing on almost nothing. An important policy question on which many economists appear to agree, however, is that there is not much to be said in favor of taxing business and especially not internationally mobile corporations. The reason for such unanimity is primarily the substantial economic costs associated with business taxes, although the uncertainty as to whom really 'pays' such taxes in terms of their final incidence may also contribute to the disdain in which they are generally held by economists. But the world largely ignores conventional economic wisdom: people everywhere seems delighted to load as much of their tax burden as possible on "business" and particularly on large impersonal corporations.
“Bird, Richard M.. 2009. Taxing Business. PREM Notes; No. 138. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/3c68f598-09e7-5ac5-8e8d-5a54b1c40bb7 License: CC BY 3.0 IGO.”