Special report | Corporate taxes
The long trend of falling corporate taxes is being reversed
After falling for decades, taxes on companies are rising again
FOR WORLD peace, the League of Nations was an abject failure. For companies, it has proved a great success. In the 1920s it set a basis for corporate taxation that has endured ever since. Recognising that taxing profits in different places can hurt trade and growth, rights to tax were allocated first where profits are generated and only second where a company sites its headquarters.
This article appeared in the Special report section of the print edition under the headline “To tax or not to tax”
From the January 15th 2022 edition
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