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Essay

Clinton Administration's Proposal To Increase Taxes For Multinational

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Richard T

 

Date added:

October 18, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

3 / 598

 

Was viewed:

1384 times

 

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Essay content:

What this will do is increase the taxes for the rich and will decrease the difference between the rich and the poor. The plan is intent on cutting the middle class tax and finance higher education (yeah right). The current tax law decreases the Federal Treasury Revenue and makes the economy less efficient or less competitive...
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Thus they could export to a country with low taxes and thus pay less taxes. This change would bring an increase of 7.9 Billion in corporate taxes over the next 5 years. This withdraws a lot of money from the economy and may thus decrease demand for goods, as people have less money to spend. The multinationals would employ many people and with and increase in their cost (tax is a type of cost) they would be forced to decrease the average amount of wages which the their employees received...
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General issues of this essay:
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