I see an incident of Ritchie agreeing with the tax incidence argument.
Microsoft has complained that Obama’s attack on tax havens will challenge its competitiveness in global markets.
It is a monopolist. How could it lose competitiveness as a result of tax change?
As this analysis shows – the reality is that it is simply very good at tax avoidance: as a result it shifts the tax burden from those most able to pay in society (like Bill Gates) to these least able to pay.
See? Coporate taxes aren\’t paid by the company. They fall on people, not companies.
Strange how he\’s never consistent in this argument though…..