@ISIDEWITHQuestionseconomy11yrs ago

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

Should Germany raise or lower the tax rate for corporations?

Germany currently levies a 15% 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 7k Germany voters.

42%
Raise
32%
Lower
28%
Raise
26%
Lower
14%
Keep current rates but eliminate deductions and loop holes
5%
Lower, but eliminate deductions and loop holes
1%
Remove taxes on corporations and tax shareholder dividends instead

Historical Support

Trend of support over time for each answer from 7k Germany voters.

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Trend of how important this issue is for 7k Germany voters.

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Other Popular Answers

Unique answers from Germany voters whose views went beyond the provided options.

 @9CHQZGManswered…2yrs2Y

Nationalise basic amenities, operating for a slight profit if needed, raising taxes before integration.

 @8V6XYSBanswered…3yrs3Y

Remove taxes on corporations, and let them buy slaves

 @9CTZM59answered…2yrs2Y

Make the Gewerbesteuer deductible from the Körperschaftsteuer

 @9CLKVVFanswered…2yrs2Y

Shift all taxes to a single land value tax

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 @ISIDEWITH submitted…9mos9MO

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…8mos8MO

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…3mos3MO

AOC Sparks Backlash After Ditching Gender Pronouns

Famously progressive Democrat congresswoman Alexandria Ocasio-Cortez raised eyebrows by removing her pronouns from her X account. The move from Squad lawmaker, 35, seen as one of the most liberal members of Congress, was seen by some as a sign that the cultural tide is turning following Donald Trump's election win. Journalist Benjamin Ryan said records showed AOC removed her 'she/her' pronouns sometime between August 3, 2023, and May 28, 2024. Critics branded her a hypocrite, and noted that just two years ago AOC apologized to followers for not having pronouns in her Instagram bio, claiming they 'fell off' and she didn't realize. Conservatives were quick to mock AOC after it was realized that she had removed the pronouns from her account bio. Some also noted that she changed her moniker from the genderless 'Representative' to 'Congresswoman' as she removed her pronouns. Ocasio-Cortez has long been a supporter of transgender rights, including so-called gender-affirming care for children, and transgender girls competing in female sports.But the Democrats more extreme stances were blamed as a massive vote loser for Kamala Harris in the recent election.An advert showing her supporting taxpayer-funded gender reassignment surgeries for illegal migrant prisoners was played on repeat by Team Trump.Many Dems' insistence that opposing hormones for trans children or banning trans girls from joining female sports teams was transphobic further alienated centrists.Immigration and inflation were the issues that ultimately swung the election for Donald Trump, but the Dems' unpopular trans stance has now forced a reckoning within the party.

▲  2117 replies

 @ISIDEWITH submitted…1 day1D

Trump Targets FAA Diversity Programs In Crash Aftermath

Trump made controversial claims linking diversity initiatives at the FAA to a deadly Potomac River collision that killed 67 people, despite acknowledging he had no evidence to support these assertions.The disability recruitment program Trump criticized actually began during his own administration in April 2019, with the FAA launching a pilot program for 20 people with targeted disabilities to work in air traffic operations.Experts, including Tennessee Garvey from the Organization of Black Aerospace Professionals, stated that no aviation incident has ever been attributed to diversity initiatives as a cause or contributing factor.The federal policy for hiring people with disabilities dates back to the Bush administration in 2003 and the Rehabilitation Act of 1973, which was initially created to protect veterans with disabilities.FAA workforce diversity has shown minimal changes over recent years: white male representation decreased from 58.9% in 2016 to 55.3% in 2023, while employees with targeted disabilities increased from 0.7% to 2%.The aviation industry's diversity efforts were primarily driven by labor shortages and the need to fill positions as pilots retire, rather than purely demographic goals.All candidates, regardless of background or disability status, must meet the same rigorous standards for aptitude, medical qualifications, and security clearances.Historical barriers, including segregation, prevented Black aviation professionals from entering the industry until the civil rights movement and subsequent lawsuits.The Biden administration has continued similar diversity initiatives, with slight increases in representation across different demographic groups.A pending lawsuit filed by a conservative legal organization claims discrimination against applicants due to Obama-era hiring practices, though the case hasn't been resolved.

▲  179 replies