@ISIDEWITHQuestionseconomyStarted 11yrs agoActive 9mos ago

Should the government raise or lower the tax rate for corporations?

Should France raise or lower the tax rate for corporations?

France currently levies a 34.4% tax on all businesses. The average corporate tax rate worldwide is 22.6%. Opponents of argue that raising the rate will discourage foreign investment and hurt the economy. Proponents argue that the profits corporations generate should be taxed just like citizen's taxes.

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Answer Overview

Response rates from 719 Champagne-Ardenne voters.

24%
Raise
50%
Lower
20%
Raise
45%
Lower
4%
Keep current rates but eliminate deductions and loop holes
3%
Remove taxes on corporations and tax shareholder dividends instead
1%
Lower, but eliminate deductions and loop holes

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Other Popular Answers

Unique answers from Champagne-Ardenne voters whose views went beyond the provided options.

 @93RTR3Janswered…2yrs2Y

Je ne sais pas

 @9CWNCJYanswered…1yr1Y

Raised about UK and decrease Ireland without India tax rates and benefits wanted

 @9CP6TFVfrom Georgia  answered…1yr1Y

Repeal corporation tax

 @99GSZWMfrom Maryland  answered…2yrs2Y

Eliminate deductions and loop holes for large multinational corporations only

 @9974C82answered…2yrs2Y

Raise, while ensuring the extra tax revenue goes into social service provision

Latest News

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 @ISIDEWITH submitted…8mos8MO

IRS Targets Wealthy and Major Corporations for Increased Audits, Aims to Correct Racial Disparities

The Internal Revenue Service (IRS) has announced a significant shift in its audit strategy, focusing on increasing audits for wealthy individuals and major corporations while simultaneously addressing racial disparities in its audit practices. This move comes as the IRS plans to expand its workforce and leverage new resources to crack down on tax evasion and ensure a more equitable tax compliance environment.According to the IRS, audits will intensify for Americans earning $400,000 or more and for businesses with substantial assets, aiming to ensure that high earners and large corporations pay their fair share of taxes. This initiative is part of a broader effort to enhance tax compliance and revenue collection, with the IRS indicating that audit rates for individuals earning over $10 million will increase from 11% to 16.5% by 2026. Similarly, audit rates for businesses with assets over $250 million will triple, and partnerships with assets over $10 million will see a tenfold increase in audits.In addition to targeting high-income earners and corporations, the IRS is taking steps to address the longstanding issue of racial disparities in its audit practices. Recent data revealed that Black taxpayers were audited at rates up to 4.7 times higher than non-Black taxpayers, a disparity attributed to the agency's data-driven algorithms. In response, IRS Commissioner Daniel Werfel announced an overhaul of compliance practices to ensure a more equitable approach to tax audits.The IRS's commitment to reducing the disproportionate audit rates for Black taxpayers represents a significant step towards fairness in tax administration. By revising its algorithms and compliance strategies, the agency aims to eliminate biases that have historically affected audit selection processes.As the IRS embarks on this dual mission of increasing audits for the wealthy and corporations while correcting racial disparities, it signals a transformative period in tax enforcement. These measures are expected to not only enhance revenue collection but also restore public trust in the tax system by promoting fairness and equity.

 @ISIDEWITH submitted…7mos7MO

Russia Raises Income Tax on Rich to Pay for Ukraine War

Russia launched plans to sharply raise taxes on high earners and companies to fill state coffers and fund what it sees as a long war in Ukraine.A government commission on Wednesday approved a Finance Ministry plan to introduce a new progressive income tax as well as raise corporate tax rates. The proposed amendments, which would come into force from next year, are expected to bring an additional 2.6 trillion rubles, or around $29 billion.The amendments, which represent the biggest overhaul of the Russian tax system in years, are a sign of President Vladimir Putin’s bet on a protracted and costly war and his continuing efforts to align both society and the economy with the military effort.Russia currently has a flat tax of 13% for most people, with some higher earners paying a 15% rate, a significantly lower tax burden than in the U.S. or Europe. According to the proposed changes, new rates would range from the current 13% for those earning up to the equivalent of $27,000 a year to as high as 22% for those exceeding $560,000. Per capita household income is around $7,100, according to data provider CEIC.Russia’s military expenditures are already running at over 6% of gross domestic product, approaching levels reached by the Soviet Union at the height of the Cold War in the 1980s. Earlier this month, Putin appointed a macroeconomist, Andrei Belousov, as minister of defense, highlighting the extent to which the war has become central to Russia’s economic paradigm.

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 @ISIDEWITH submitted…1mo1MO

First Lady Feud: Melania Declines Biden Meet-Up Over Privacy Invasion

Melania Trump declined an offer to head to the White House Wednesday and meet with Jill Biden, citing the Biden administration’s raid on Mar-a-Lago as part of the federal government’s investigation into classified documents.“She ain’t going,” a source familiar with Melania’s decision told The Post. “Jill Biden’s husband authorized the FBI snooping through her underwear drawer. The Bidens are disgusting,” the source said.“Jill Biden isn’t someone Melania needs to meet,” the source added.Melania’s husband, President-elect Donald Trump, will sit with President Biden in the Oval Office Wednesday for a traditional post-election meeting.Typically, the first lady hosts her successor for tea in the White House.Melania visited the White House following her husband’s 2016 election win and received a tour from then- first lady Michelle Obama.After Trump lost his re-election bid in 2020, he failed to invite the Bidens to the White House before the Democrat officially assumed office, breaking the decades-old tradition, according to reports at the time.The Post has reached out to the Trump campaign and the White House about Melania’s decision to skip the meeting.The FBI raided Donald Trump’s Mar-a-Lago residence in August 2022 in its probe of the 45th president’s withholding of classified White House documents.Melania, 54, has previously voiced her displeasure over the raid at their Palm Beach, Florida, mansion.“Yeah, it made me angry,” she said on “Fox & Friends” in a September interview, calling it an “invasion of privacy.” FBI agents scoured Melania’s wardrobe, combed through her 78-year-old husband’s office and even reportedly searched one of her son Barron’s rooms.

▲  229 replies

 @ISIDEWITH submitted…4wks4W

Elon Musk Backs 'Judge Dredd' Gaetz for AG: "The Hammer of Justice We Need"

Elon Musk, the richest man in the world and incoming head of President-elect Donald Trump’s Department of Government Efficiency showered Trump’s nominee to serve as the next U.S. attorney general early on Tuesday morning, specifically citing his desire for vengeance as a positive.“Matt Gaetz has 3 critical assets that are needed for the AG role: a big brain, a spine of steel and an axe to grind. He is the Judge Dredd America needs to clean up a corrupt system and put powerful bad actors in prison,” wrote Musk on X at around 2:00 a.m. eastern time on Tuesday. “Gaetz will be our Hammer of Justice.In a follow-up, Musk summarily dismissed the various allegations of misconduct against him — which include statutory rape and paying women for sex.“As for these accusations against him, I consider them worth less than nothing. Under our laws, a man is considered innocent until proven guilty,” he submitted. “If AG Garland (an unprincipled douchebag) could have secured a conviction against Gaetz, he would have, but he knew he could not. Case closed.”Gaetz faces an uphill battle to confirmation due to a variety of reasons, including his limited legal experience, many enemies on Capitol Hill, and the allegations of misconduct against him.After Trump announced his intention to nominate Gaetz last week, he quickly resigned from the House of Representatives, only just preempting a vote in the House Ethics Committee on whether to release a report into allegations that he “engaged in sexual misconduct and illicit drug use, accepted improper gifts, dispensed special privileges and favors to individuals with whom he had a personal relationship, and sought to obstruct government investigations of his conduct.” Upon his resignation, the Ethics Committee lost jurisdiction over the investigation into Gaetz.

▲  298 replies

 @ISIDEWITH submitted…20hrs20H

Mother Who Lost Son in "Kids for Cash" Slams Biden

A mother whose teen son died by suicide after a juvenile detention in the “Kids for Cash” scandal broke down in tears on air as she condemned President Joe Biden’s decision to commute the sentence of former judge Michael Conahan.Conahan was convicted in 2011 for his role in a scheme that traded juvenile detention sentences for millions in kickbacks. His actions, alongside fellow Democrat judge Mark Ciavarella, left a devastating legacy, including lives upended and families shattered.Conahan was sentenced to 17.5 years in prison after pleading guilty to racketeering conspiracy. In 2020, he was placed under home confinement due to the COVID-19 pandemic with six years remaining on his sentence. On Thursday, he was among the nearly 1,500 individuals whose sentences were commuted in what the White House described as a historic act of clemency. Biden’s move came after he pardoned his own son, Hunter Biden.Sandy Fonzo’s son, Ed, died by suicide at 23 after being sentenced by Ciavarella when he was 17 to eight months detention for a minor drug paraphernalia charge.Appearing on Democracy Now to speak with host Amy Goodman, Fonzo was emotional shared the outrage that Biden’s move had caused her."This is very emotional. Very heavy. Just hearing and having to relive all of this. This has just reopened wounds that have never healed and this is very very difficult, very heavy. I shouldn’t be having to relive this, especially at Christmas time. I mean this is unacceptable. I need to talk about it. I need to defend my son because he is not here to defend himself and I am his mother."

▲  217 replies

 @ISIDEWITH submitted…9hrs9H

MAGA Purge: Trump Jr. and Carlson Slam Globalists!

Carlson and Donald Trump Jr., the president-elect’s oldest son, outlined what they said were the dangers of bringing neoconservatives into the administration—men and women, they claimed, who seek to control him, not serve him. They also argued that Pompeo had proven himself to be disloyal, the people said, pointing to Pompeo’s decision to distance himself from false claims that the 2020 election was stolen, and comments he made that the Jan. 6, 2021 riot at the Capitol by Trump supporters was “unacceptable.”Within days of the election, Pompeo was out of the running. The president-elect posted on Truth Social that Pompeo and Nikki Haley, Trump’s former U.S. ambassador to the United Nations, wouldn’t be landing jobs in his administration.Officials such as Haley, who challenged Trump during the Republican primary, and former national security adviser Robert O’Brien were passed over for jobs as Trump and his team looked to stock his cabinet with “fresh blood,” as one transition official put it, who have roots in the MAGA movement. The perception among some within Trump’s inner circle is that appointees such as Pompeo would follow a more conventional GOP approach to national security policy by supporting U.S. involvement in overseas conflicts, such as Ukraine, or icing out traditional adversaries, such as Russia. Pete Hegseth, a military veteran and former Fox News host whom Trump chose to lead the Pentagon, has criticized U.S. involvement in the conflict in Ukraine, and has touted a controversial view that women should be barred from combat. But Hegseth’s path to confirmation has been fraught with challenges because of a number of personal controversies.

▲  106 replies