John Cullinane, Tax Partner, Deloitte, gives us his personal thoughts on some recent academic views on who really pays corporation tax
John Cullinane Tax Partner Deloitte gives us his personal thoughts on some recent academic views on who really pays corporation tax
During a recent Breakfast Briefing held by the Oxford Centre for Business Taxation (see Steve McGrady's report in The Tax Journal Issue 941 7 July 2008) some economists came to the conclusion that the burden of corporation tax is borne by labour. Capital is mobile and so can insist on a given post-tax return. If it is taxed the pre-tax return it insists on is higher so labour which is assumed to be immobile and therefore trapped pays the price.
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John Cullinane, Tax Partner, Deloitte, gives us his personal thoughts on some recent academic views on who really pays corporation tax
John Cullinane Tax Partner Deloitte gives us his personal thoughts on some recent academic views on who really pays corporation tax
During a recent Breakfast Briefing held by the Oxford Centre for Business Taxation (see Steve McGrady's report in The Tax Journal Issue 941 7 July 2008) some economists came to the conclusion that the burden of corporation tax is borne by labour. Capital is mobile and so can insist on a given post-tax return. If it is taxed the pre-tax return it insists on is higher so labour which is assumed to be immobile and therefore trapped pays the price.
...
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