The recent death of Eric Garner after an incident with New York police has recently made headlines and sparked controversy about excessive force and police practices. Sources report that police and prosecutors are...
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- What Canada Can Teach Us about Corporate Taxes
What Canada Can Teach Us about Corporate Taxes
Corporate tax reform has become a major issue in the fiscal policy debate, with widespread disagreement over what impact various reform proposals would have on job growth in the U.S. One of the most discussed reforms – moving to a “territorial” system in which corporations are no longer double-taxed on profits earned abroad – has raised concerns that it would undermine domestic growth and employment. Real life evidence from Canada contradicts these worries, however, according to our newest analysis on international tax systems.
Figure 1: Despite concerns about a territorial system having a negative impact on employment, the Canadian example suggests otherwise.
The case study on Canada is the first in a five-part series on territorial tax systems. For a more in depth discussion, please see Tax Foundation Special Report No. 202, “A Global Perspective on Territorial Taxation.”
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