Tax breaks and WTO

[Max Sawicky]

So Max, or anyone, what's your sense of the "incidence" of a 
corporate income tax - does capital pay it, or is it passed along to 
final consumers? My guess is that they wouldn't spend all that money 
on lobbyists if they could fully pass it along, but the issue is 
still controversial in the economics literature, no?
Doug
>>>>>>>>>>>>>>>

The details are unsettled but there is basic agreement
that it is borne by capital.  If you buy globalization
whole hog, then imports and footloose capital combine
to push the burden onto workers.

The lobby argument only goes so far, since there is
much more agreement about sales taxes falling on
consumers, but that doesn't stop retailers from
opposing them.

mbs