The Vanishing Corporate Profits Tax (August 2004)
« Thread started on: Sep 6th, 2004, 08:51am »
The global economy allows transnational corporations to minimize their tax obligations. In result, states suffer diminished tax incomes leading to poorer social expenditures. This article suggests two remedies for this phenomenon; one within the nation state – the creation of a unitary tax - and the other through a new global tax jurisdiction, which would enable a global development fund. (Transnational Institute)
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