Yes, and the very next sentence on wik reads...
“She claims that the main groups of CAC 40 only pay 8% of corporate tax whereas the small offices/home offices, the small and medium entreprises, the craftsmen and the shopkeepers fully pay 33.33%.”
I don’t think 1 single small business owner in America would disagree with the complaint that big business winds up with an effective tax rate far below their own, and this is enabled by the U.S. tax code.
Big business can afford to do all sorts of things to lower their corporate income tax bill that small businesses find either too expensive, complex, or divergent from their business operations to do.
The local ice cream stand grossing $600k per year can’t possibly generate the tax credits that General Electric can, year in and year out, for decades.
IMHO, almost every small business owner in America would be fine with replacing the entire corporate income tax with a flat percentage of gross revenue like a sales tax, where General Electric, the ice cream stand and every other business in America would pay exactly the same rate of x% of their revenue, which would be remitted every month with a simple form (like sales tax) that would take about a minute to fill out. No more complexity. The only stumbling block politically is all the business owners who are successfully keeping their effective tax rate very low; they, of course, would prefer the current system.
The big challenge for both France and the U.S., along with every other nation, is to get the largest firms to pay the same effective rates of tax as the smallest. Marine is right on target with that complaint, IMHO.
It’s perhaps difficult for American conservatives who have never owned a small business to see the small/big business differences. The typical conservative line is “pro-business”, but if one has never owned one’s own small business, one has not experienced the excrutiating pain of being squeezed by both government AND big business. Small business is not a bunch of communists. IMHO, those that have never owned a small business should keep in mind “what if I wanted to start my own business someday ?” Would I have the right ? How high would my effective tax rate be ? How high would my competitor’s effective tax rate be ? Would I be able to compete against big business on a level playing field ?
If Ben Franklin and others had no legal right to start a newspaper, or were pushed out of business early on by a big corporate newspaper owned by loyalists or wealthy British citizens, where would we be ?
Yes, I read that which is precisely why I distinguished her populist statism from America’s fascist statism. That comment was meant to be to her credit.