At NPR’s Planet Money, Quoctrung Bui has put together an attractive and interesting data visualization on real income growth in the United States. As he describes it, there are two distinct eras for income growth since...
- The Tax Policy Blog
- 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.”
Subscribe to the Tax Foundation Newsletter
We will never sell or share your information with third parties.
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.