Corporate Tax Rate. As stated in the countries have different tax rates for various reasons. Consider this. In the US., due to many tax deductions, at the end of the year, many organizations do not owe additional tax amounts. In the United States, what would happen economically to corporations, employees, and the communities these organization serves, if corporations were totally exempt from paying taxes? Think about who would benefit and who would suffer?

Answer rating: 100% (QA)

If corporations in the United States were totally exempt from paying taxes there would be several economic implications for corporations employees and ... View the full answer