Book contents
- Tax and Government in the Twenty-First Century
- Law in Context
- Tax and Government in the Twenty-First Century
- Copyright page
- Epigraph
- Contents
- Figures
- Tables
- Boxes
- Acknowledgements
- Acronyms
- Part I Principles and Concepts
- Part II Tax Law in Context
- 5 Tax, Work and Family
- 6 Taxation of Saving and Wealth
- 7 Corporate and Business Taxation
- 8 Tax, Charity and Philanthropy
- 9 Administration, Compliance and Avoidance
- Part III The Tax State in the Global Digital Era
- References
- Index
7 - Corporate and Business Taxation
from Part II - Tax Law in Context
Published online by Cambridge University Press: 01 September 2022
Book contents
- Tax and Government in the Twenty-First Century
- Law in Context
- Tax and Government in the Twenty-First Century
- Copyright page
- Epigraph
- Contents
- Figures
- Tables
- Boxes
- Acknowledgements
- Acronyms
- Part I Principles and Concepts
- Part II Tax Law in Context
- 5 Tax, Work and Family
- 6 Taxation of Saving and Wealth
- 7 Corporate and Business Taxation
- 8 Tax, Charity and Philanthropy
- 9 Administration, Compliance and Avoidance
- Part III The Tax State in the Global Digital Era
- References
- Index
Summary
Policy discussions about the corporate tax often begin with the fundamental question: Why tax corporations?1 Reuven Avi-Yonah observed that corporations are ‘everywhere’ and ‘nowhere’ in economic and social life.2 The corporation is treated as a separate taxpayer in most income tax laws. Yet, like other intermediary business and investment vehicles, it is a legal fiction or construct. A corporation cannot bear the economic burden of a tax: a theory of ability to pay cannot be directly applied to a corporation.3
- Type
- Chapter
- Information
- Tax and Government in the 21st Century , pp. 177 - 203Publisher: Cambridge University PressPrint publication year: 2022