The Trade-off Between Taxes, Corruption and National Income

Professor John Coleman finds that with rampant corruption, even countries with low tax rates produce less

Taxes are necessary to finance public services, build infrastructure, clean up the environment and, possibly, promote equality. “But they come at a cost,” said John Coleman, an economics professor at Duke University’s Fuqua School of Business. “The higher the tax rate, the lower is the incentive for people to work and save.”… read more