Re: taxation vs economic activity
""Corporations" don't pay tax. It's the people who OWN the corporation [through stock, equity, etc.] that pay the tax. Many of these people are regular working stiffs with a retirement portfolio. Think about it. And if a tax increase on a corporation causes them NOT to hire [or to do layoffs], you get what you deserve, more people demanding unemployment compensation."
Fine, but these are corporations based overseas, so it's wealthy foreigners who would pay the tax.
I'm not too bothered about making American hedge fund managers pay tax on the profits shovelled out of EU markets.