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Corporation tax: a survey

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  • Jack Mintz

Abstract

The corporation tax is arguably the most well-studied tax found throughout the world. Countless numbers of professionals study the impact of corporate tax law on the affairs of the corporation. Yet, despite considerable resources that are expended on compliance, the tax in many countries raises only a small portion of revenue for governments. For example, in the G7 countries, taxes paid by corporations account for less than 8 per cent of tax revenues raised by governments, except for Japan where the corporation tax yields about 15 per cent of government revenue. This low revenue yield and high compliance cost have resulted in some experts and politicians questioning the usefulness of the corporate income tax.

Suggested Citation

  • Jack Mintz, 1995. "Corporation tax: a survey," Fiscal Studies, Institute for Fiscal Studies, vol. 16(4), pages 23-68, November.
  • Handle: RePEc:ifs:fistud:v:16:y:1995:i:4:p:23-68
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