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Rethinking the taxation of (large) corporates

journal contribution
posted on 2017-06-01, 00:00 authored by Mark Smith
This article starts the process of rethinking the taxation of large, privately-held corporations. After outlining the impact of large, private corporations on the commons and the idea of “communal resources”, it explores what is meant by wealth and corporate wealth, and analyses the thinking on why corporations are taxed. This article argues that (i) legitimate justifications for taxing large private corporations are not limited to corporate income taxation; and (ii) justifications specific to a corporate income tax do not hold up to close inspection, particularly in relation to large private corporations. This article also seeds the idea that a levy on corporate expenditure could conceivably form the basis of an alternative approach to corporate taxation.

History

Journal

New Zealand universities law review

Volume

27

Pagination

744-766

Location

Wellington, N.Z.

ISSN

0549-0618

Language

eng

Publication classification

C1.1 Refereed article in a scholarly journal, C Journal article

Copyright notice

2017, Thomson Reuters (New Zealand)

Issue

3

Publisher

Thomson Reuters New Zealand

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