People pay every single penny of tax that politicians impose on corporations.
The investors that own companies obviously pay (more than one time!) when governments tax profits.
The workers employed by companies obviously pay, both directly and indirectly, because of corporate income tax.
And consumers also bear a burden thanks to business taxes that lead to higher prices and reduced output.
Keep these points in mind as we discuss BEPS (“base erosion and profit shifting”), which is a plan to increase business tax burdens being advanced by the Organization for Economic Cooperation and Development (OECD), a left-leaning international bureaucracy based in Paris.
Working on behalf of the high-tax nations that fund its activities, the OECD wants to rig the rules of international taxation so that companies can’t engage in legal tax planning.
The Wall Street Journal’s editorial page is not impressed by this campaign for higher taxes on employers.