No, of course the effects of taxing a business can be varied and complicated. For instance if you put a 5% surtax on a business with a 3% profit margin, they are either going to have to charge more for their product or close the doors. Sometimes they can get away with charging more, but sales will drop off at the higher price, requiring scaled back production and layoRAB.
But taking the best case, if the business is able to simply eat the extra cost, it still is going to have a negative effect since they will have that much less money to reinvest in the company for expansion, R&D, or whatever. That also kills growth and job creation.
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