Quote:
Originally Posted by bullseyebarb
For example - the U.S. has the second highest corporate tax rate in the world at 39.3%. An abomination any way you look at it. As you surely know, only individuals pay taxes - hence, corporations merely collect same from either their shareholders, employees or customers. The shareholder will receive lower dividends on his investment, customers will pay higher prices and employees will see fewer raises and jobs. Likewise, onerous regulations cost businesses dearly.
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In the UK companies also pay tax-it is called corporation tax.