A critique of the Laffer theorem’s macro-narrative consequences for corporate tax avoidance from a Global Wealth Chain perspective

Global Wealth Chain analysis explores the potential for wealth creation to become wealth capture. Corporate tax avoidance is a component in many GWC. The problem is complex, involving both practices and undergirding macro-narratives that support a status quo and limit political and regulatory action. In this paper, I argue that the Laffer theorem and its legacy plays a background role in framing tax avoidance. The theorem is one component in a...