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How do corporate tax rate changes affect the economy?

Aug 30, 2024
Corporate tax policy is a big election issue, partly because those taxes can be a key source of revenue for the government.
“Raising the corporate tax rate can reduce investment, or reducing the corporate tax rate can increase investment,” says Kyle Pomerleau, senior fellow at the American Enterprise Institute.
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China pledges tax reform. That is a big deal for this socialist country.

Jul 24, 2024
Why China's leaders have long delayed tax reforms in the socialist country.
A shelf displaying China's national drink - a fiery grain spirit called baijiu. A change in consumption tax may soon push prices up even further.
Charles Zhang/Marketplace

Can the rip-roaring good times for the stock market last?

Rock bottom interest rates and reduced corporate taxes have helped buoy stock market gains in the past decade.
"There are other parts of the world where stock markets have been doing well recently, but nothing quite as extraordinary as the kind of scale of what's been happening in the U.S.," said The Economist's Zanny Minton Beddoes.
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What should Ireland do with its budget surplus?

Oct 9, 2023
Ireland has a budget surplus of $10.9 billion, which has been driven by soaring corporate tax revenue from tech and pharmaceutical companies.
Above, a boarded-up property is pictured in Dublin. Some Irish residents see housing as a key area where a surplus in tax revenue could be put to use.
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Why it's so hard to strike a deal on a global corporate tax

Apr 7, 2021
A major international group is trying to prevent companies from shifting profits to countries with low tax rates.
The Biden administration supports a corporate tax hike to 28%. That could lead to more attempts to game the system and shift profits overseas.
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For public good, not for profit.

The tax bill's reshaping of the American economy

Dec 29, 2017
How fast will the effects ripple through the economy?
Copies of the Tax Cuts and Jobs Act Conference Report sit on the dais of the House Rules Committee at the U.S. Capitol in Washington, D.C.
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Senate proposal delays corporate tax rate cut

Nov 10, 2017
Republicans in the Senate unveiled their tax bill yesterday. It proposes a delay the corporate tax cut that President Donald Trump says is crucial to spurring economic growth. The House plan would have cut the top corporate tax rate from 35 percent to 20 percent beginning next year. The Senate wants to delay that until […]

The US Chamber of Commerce won't let go of corporate tax cuts

Nov 6, 2017
"If folks are going to stand in the way, then we are going to hold them accountable next November," Neil Bradley of the chamber says.
Members of the House Ways and Means Committee hold the first markup of the proposed GOP tax reform legislation in the Longworth House Office Building on Capitol Hill today.
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