In South Africa,
"The corporate tax was cut from 40% to 35%, though this was
partly offset by an increase from 15% to 20% in the tax on dividends."
don't you think that the corporate tax is passed on to workers &
consumers in the long run? while the dividends tax can't be shifted?
so that this shift can be seen as progressive?
in pen-l solidarity,
Jim Devine
[EMAIL PROTECTED] or [EMAIL PROTECTED]
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950
