Yesterday we posted a blog looking at a New York Times editorial entitled Abolish the Corporate Income Tax, exposing many of the numerous fallacies and misunderstandings at the base of it. Forgive us for going on about this, but it is important.
Now Citizens for Tax Justice in the U.S. has produced an article of their own, which complements ours and adds several more important points. It starts like this:
Another year, another campaign to give even bigger breaks to corporations and claim that this will create jobs.
Time to abolish the corporate tax? Learned professor creates huge tax model to illustrate . . . nothing
Professor Laurence Kotlikoff, a professor of economics at Boston University, has written an opinion article in the New York Times headlined Abolish the Corporate Income Tax.
May 2013 – Looking at persistent and powerful myths in contemporary economics.
- The mythical Adam Smith – Daniel Stedman-Jones
- The City of London in myth and reality – Aeron Davis
- Enterprise and rent-seeking: a mythical conflation – William Davies
- Economic illiteracy in UK politics –Robin Ramsay
Click here for the full edition.
May 2013 – TJF explores some of the most persistent and powerful myths in contemporary economics. Click here. Our lead articles:
For a general “Magnitudes” page giving estimates of the size of illicit financial flows and other measurements that are of interest to TJN, click here.
< Update: March 2009. Christian Aid’s False Profits: robbing the poor to keep the rich tax-free estimates that between 2005 and 2007, the total amount of capital flow from bilateral trade mispricing into the EU and the US alone from non-EU countries is estimated conservatively at more than US$1.1tn (£581.4bn, €850.1bn) >
< Update: March 2009. Oxfam estimates that developing countries miss out on up to $124 billion every year in lost income from offshore assets held in tax havens. >
< Invitation to participate in a workshop on Erosion of Public Finances in Developing Countries: Illicit Flows and Commercial Corruption, National Autonomous University of Mexico, September 2009 >