Correlations

High Corporate Taxes and Economic Growth Can Coexist


The conventional wisdom on corporate taxes is that the lower they are, the more companies can invest and stimulate the economy. That’s not how it worked in 2012. Among the 34 countries in the Organisation for Economic Co-operation and Development, the average corporate tax rate had little bearing on economic growth.

Glassman is a writer and data journalist for Bloomberg Businessweek in New York.

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