The Real (and Imagined) Problems with the U.S. Corporate Tax Code
Harvard Business
DECEMBER 6, 2016
companies don’t pay taxes on debt-financed investments, which amounts to a subsidy. In addition, certain types of investments are tax-preferred, and the system encourages debt-financed investments over equity-financed investments. It is not efficient or equitable, and it does not raise as much revenue as it should.
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