EKES - New publication: Corporate taxes: less is more - study says

2019-07-15

Corporate taxes are the most harmful form of taxation to economic growth. Contrary to public perception, there has been no reduction in corporate tax revenues in relation to GDP in the last 40 years.

Countries that have reduced their corporate tax rates in recent years have seen increases in investment in the following years. There is no race to the bottom, rather to a middle range of some 20 per cent corporate tax rate and revenues are stable or even increasing. These are some of the conclusions of a recent study commissioned by the European Economic and Social Committee. 

The study was prepared at the request of the Employers' Group of the EESC. The document can be downloaded via the following link .