Should Philippines raise or lower the tax rate for corporations?
The U.S. currently levies a 35% 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.
48% Raise |
38% Lower |
43% Raise |
33% Lower |
5% Keep current rates but eliminate deductions and loop holes |
4% Lower, but eliminate deductions and loop holes |
1% Remove taxes on corporations and tax shareholder dividends instead |
See how support for each position on “Corporate Tax” has changed over time for 4.5k Philippines voters.
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See how importance of “Corporate Tax” has changed over time for 4.5k Philippines voters.
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Unique answers from Philippines users whose views extended beyond the provided choices.
@942CLX72yrs2Y
I do have sufficient information to give an intelligent answer.
@8YQTVZ52yrs2Y
Lower taxes for small businesses and higher for large corporations, and eliminate all deductions and loopholes as well. Also, make it illegal for corporations to outsource jobs or move to other countries.
@8YMN6522yrs2Y
Raise taxes for large corporations and lower for small businesses. Also, make it illegal for corporations to move jobs out of country and to outsource jobs.
@8VSK4YS3yrs3Y
Philippines should raise the tax to big corportions but maintain the current tax on employees.
@8RRGJVD3yrs3Y
Flat tax and eliminate loopholes.
@8RRGF8B3yrs3Y
I'd prefer a flat tax to keep things fair.
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