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