Publication: Taxing Business
Date
2009-06
ISSN
Published
2009-06
Author(s)
Bird, Richard M.
Abstract
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.
Citation
“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.”