About This Talk
Former corporate tax attorney Guy Holzman (’13) says that, although the U.S. corporate tax rate is thirty-five percent, firms pay an average of twelve percent. According to Holzman, this shifts the burden to individuals and deprives the government of essential revenues. “Individuals pay five times more taxes than corporations,” he says.
Holzman describes some of the ways in which corporations avoid taxes and says it’s imperative to close these loopholes so firms pay their fair share.