Tax Codes Around the World
T.R. Reid, author of the book "A Fine Mess", talks about the world's most efficient tax codes and why lower tax rates can still bring in large amounts of revenue.
Description
T.R. Reid, author of the book "A Fine Mess", talks about the world's most efficient tax codes and why lower tax rates can still bring in large amounts of revenue.
Bell Ringer Assignment
- In your own words define the term "broaden the base and lower the rate".
- According to Mr. Reid how does New Zealand with its lower tax rate manage to generate more revenue per capita than the U.S.?
- What is overall tax burden and how is it calculated?
- What does the Caterpillar Corporation manufacture? Describe how signing over ownership of the Caterpillar Corporation's part-making system allowed the corporation to make more money.
Participants
Vocabulary
- Alternative Fact
- Competitive Disadvantage
- Corporate Income Tax
- Overall Tax Burden