One of the most used resources on our website is historical tax rate information. For federal taxes, we go all the way back to the beginning: the federal income tax (1861-1872, 1913-present), the corporate income tax (...
- 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.”
Buy this blogger a cup of coffee!
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official weblog 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.