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1 Cristina Enache, Taxing Powerhouses: The Systematic Role of Businesses in Collecting Government Revenue 1 (2025)

handle is hein.taxfoundation/txgowhstes0001 and id is 1 raw text is: *aTAX FOUNDATION Taxing Powerhouses: The Systematic Role of Businesses in Collecting Government Revenue Cristina Enache Economist April 2025 Key Findings * Businesses contribute significantly to tax collection through the taxes they are legally liable to pay and the taxes they are required to collect and remit on behalf of others. * Businesses in the Organisation for Economic Co-operation and Development (OECD) pay an average of 37.8 percent of the total taxes collected. * Czechia has the most business dependent tax system, with businesses contributing 54.7 percent of all collections. Fifteen countries receive more than 40 percent of their total revenues from businesses. * Businesses in the OECD also collect and remit an average of 47.4 percent of the total tax revenues. * On average, businesses in the OECD are liable for collecting, paying, and remitting more than 85 percent of the total tax collection. * In Lithuania, Chile, Germany, Slovenia, and Czechia, businesses pay and remit more than 93 percent of all taxes. * Policymakers should weigh the benefits and drawbacks of increasing the tax burden on businesses because the economic burden of these tax hikes will fall on workers through lower wages, shareholders through lower returns, or consumers through higher prices. The Tax Foundation is the world's leading nonpartisan tax policy 501 (c)(3) nonprofit. For over 80 years, our mission has remained the same: to improve lives through tax policies that lead to greater economic growth and opportunity. TAX FOUNDATION 1325 G STREET, NW, SUITE 950, WASHINGTON, DC 20005 202-464 62001 laxfoundation.org