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Public Health and Corporate Avoidance of U.S. Federal Income Tax
Author(s) -
Wiist William H.
Publication year - 2018
Publication title -
world medical and health policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.326
H-Index - 11
ISSN - 1948-4682
DOI - 10.1002/wmh3.274
Subject(s) - tax revenue , revenue , business , public health , tax avoidance , government (linguistics) , public economics , income tax , health policy , economics , health care , double taxation , accounting , finance , economic growth , medicine , linguistics , philosophy , nursing
The amount of U.S. federal revenue affects the government's ability to provide public health services, programs, infrastructure, and research to adequately protect the public's health. Public health funding shortages are chronic. Corporate income tax avoidance is one source of unrealized federal tax revenue that, if collected and allocated to public health, could help offset those shortages. Major corporate methods of tax avoidance, their effect on federal revenue, and recommended policy changes are described. Corporate tax avoidance and government revenue shortages are framed as social determinants of health, and research questions and data sources for public health researchers for examining the issue are suggested. Although there is no guarantee that any additional corporate income tax revenue would be directed to public health, the subject warrants the attention of public health researchers and policy advocates. The United States serves as a case study for public professionals in other countries to conduct similar analyses.