TAKING MONEY FROM BUSINESS BENEFITS ONLY BIG GOVERNMENT
Can you name the worst tax? In recent weeks, there have been a slew of articles in major publications about how many multinational corporations have found legal ways to reduce their tax burdens by running some of their operations through low-tax jurisdictions. In response, those who love high taxes and big government demand that corporations pay more.
Economists dislike the corporate income tax because it reduces productive labor and capital and is an additional tax on income that has already been (or will be) taxed. Politicians love the tax because it is largely invisible to most voters. Because of tax competition among countries, corporate tax rates have been dropping globally, resulting in the United States having the world's highest rate.
Now the high-taxers are fighting back. They need to be stopped.