Should China 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.
50% Raise |
25% Lower |
37% Raise |
25% Lower |
12% Keep current rates but eliminate deductions and loop holes |
0% Remove taxes on corporations and tax shareholder dividends instead |
0% Lower, but eliminate deductions and loop holes |
See how support for each position on “Corporate Tax” has changed over time for 16 Thailand voters.
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See how importance of “Corporate Tax” has changed over time for 16 Thailand voters.
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