Should Philippines raise or lower the tax rate for corporations?
The U.S. currently levies a 21% tax rate at the federal level and an average tax of 4% at the state and local level. The average corporate tax rate worldwide is 22.6%. Opponents of argue that raising the rate will discourage foreign investment and hurt the economy. Proponents argue that the profits corporations generate should be taxed just like citizen’s taxes.
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@MSelvig3yrs3Y
Neither. We should do away with the current tax system and pass The FAIRTax.
@heatherdvdprincess3yrs3Y
Flat tax it and continue to offer tax incentives for things that help the economy (in ethical ways), provided that they ultimately make us more money
@heatherdvdprincess4yrs4Y
Flat tax it and continue to offer tax incentives for things that help the economy (in ethical ways)
@8Q6C4Y44yrs4Y
Lower partially, then lower it further after the national debt is reduced
@68QRLZT4yrs4Y
Raise the tax rate, and eliminate deductions and loopholes, but this should only apply to large corporations.
@8CN7P7L4yrs4Y
Yes, that will keep jobs in the U.S and hopefully encourage companies to move to the U.S
@8DPWTGP5yrs5Y
Keep it at the worldwide rate to maintain a place in the global market.
@8HX2KD54yrs4Y
Remove taxes on corporations, but the individual income of the shareholders and corporate officials should pay income tax like everyone else.
@8M3JMYS4yrs4Y
not knowledgeable for this
@8LYLWBG4yrs4Y
Yes but only the big corporations
@TogetherinSoli14yrs4Y
Lower for small businesses, and keep the same for mid- and large-sized business, but elimate loopholes
@8T58M5P3yrs3Y
lower for small, but keep for large
@8YDDQXR3yrs3Y
@93DHP4B3yrs3Y
Eliminate the income tax by repealing the 16th Amendment
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