SAJ-99
Well-known member
Agree. Post WWII we still operated like a family budget with rev-expenses>0. Then we discovered that we could have all the benefits of government without paying for them. Yippee!You can’t set corp tax rates with an internal perspective- it is a global question. You have to stay within reach of your competitors or the nation loses wealth/resources that hit everyone. As for whatever we did in the 50s and 60s, it is irrelevant as we were a defacto industrial/agricultural monopoly as a big slice of the world was still recovering from the war, another big part coming out of imperialistic control and another big part walled off by the Cold War. Corp taxes are a trade policy question more than a budget question in 2022.
Pharma companies moving to Ireland for the tax break is a great example of your international competitive example. The world has gotten smaller.