So much for this idea that taxes are being cut for some nefarious "corporate agenda". In every industrialized country but one, taxes as a percentage of the economy have risen.
New York Times
The cost of government has risen by about 20 percent since 1975, when taxes accounted for less than 30 percent of the gross domestic product of the organizations member countries.
The increase in the ratio of taxes to gross domestic product since 2000 occurred despite cuts in tax rates in most of the countries, said Christopher Heady, head of tax policy for the organization.
But even with reduced corporate tax rates, Mr. Heady said that worldwide corporate profits had risen so sharply since 2002 that the amount of money flowing into government coffers had increased.
He attributed most of the long-term rise in taxes to expanded social insurance programs, like universal health care and pensions.
New York Times
