Reduction in Corporate Tax will increase the economic growth. The assumptions be

Question

Reduction in Corporate Tax will increase the economic growth. The assumptions behind this statement are: (A) Corporations will invest in new factories (B) Corporations will hire more workers (C) Larger number of consumer will have productive jobs (D) The increased tax collection from increased economic activity will offset the loss in revenues from the tax cut (E) All of the above (F) None of the above Reduction in Corporate Tax will increase the economic growth. The assumptions behind this statement are: (A) Corporations will invest in new factories (B) Corporations will hire more workers (C) Larger number of consumer will have productive jobs (D) The increased tax collection from increased economic activity will offset the loss in revenues from the tax cut (E) All of the above (F) None of the above Reduction in Corporate Tax will increase the economic growth. The assumptions behind this statement are: (A) Corporations will invest in new factories (B) Corporations will hire more workers (C) Larger number of consumer will have productive jobs (D) The increased tax collection from increased economic activity will offset the loss in revenues from the tax cut (E) All of the above (F) None of the above

Explanation / Answer

Solution: All of the above

Explanation: Reduction in the corporate tax rate would encourage more multinationals to invest in that country thus lead to higher investment, higher productivity growth, faster economic growth and higher wages for the consumers

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