> The tax base shrinks but does company revenue shrink?
Capital is highly mobile globally. As corporate taxation becomes higher in a region, production in that region becomes less competitive globally. Companies, in turn, outsource their production elsewhere.
It is not a simple problem to solve. There are good reasons why the status quo is what it is.
Capital is highly mobile globally. As corporate taxation becomes higher in a region, production in that region becomes less competitive globally. Companies, in turn, outsource their production elsewhere.
It is not a simple problem to solve. There are good reasons why the status quo is what it is.