Corporations don't pay taxes. End-users do.
That's nonsense.
I've answered this
before:
The reality is that a business always charges the most it can charge to maximize revenue and profits. Economist call this the peak of the price demand curve. If they raise prices too much, demand falls enough to reduce revenues and profits. If they lower prices, demand increases but total revenue falls because of lower pricing.
Let's say Apple charges nearly a thousand dollars for an iPhone, even though it costs less ~$200 to
manufacture an iPhone. Demand dictates the price. Does anyone really think Apple would drop the price of iPhones if manufacturing costs were lower or they got a tax break? Of course not. They already have customers willing to pay nearly $1,000 for their product. If Apple's tax bill was lower, the savings would go to Apple and its shareholders, not consumers.
Moreover, taxes aren’t a factor a company uses to determine prices, since taxes are on profits and not a direct cost, that are calculated after the profits were made.
Likewise, taxes are not passed onto the consumer in the form of higher prices. As proof, General Electric hasn't paid federal income taxes in at least a decade. Are GE's prices to their customer's any less expensive compared to their competition that pays taxes? No.
David Cay Johnston explains :
Taxes are on profits, and profits are calculated at the end of a tax year by adding up all the revenue and subtracting all the costs. When a product or service is sold the company doesn't really know yet how much profit, if any, it will have at the end of the year, so it doesn't know what the tax will be, so how can it adjust prices? But if a company was able to just raise prices based on anticipation of profits, then the result would be that profits would be higher because of the higher price charged, which means taxes would be even higher, so the company should have raised prices even more, but that means the profit would be even higher, so they have to go back and charge more, but then ... I think you are starting to see how silly this idea of raising prices to cover taxes can get.
The reality is that a business always charges the most it can charge to maximize revenue and profits. Economist call this the peak of the price demand curve. If they raise prices too much, demand falls enough to reduce revenues and profits. If they lower prices, demand increases but total revenue falls because of lower pricing.
Let's say Apple charges nearly a thousand dollars for an iPhone, even though it costs less ~$200 to
manufacture an iPhone. Demand dictates the price. Does anyone really think Apple would drop the price of iPhones if manufacturing costs were lower or they got a tax break? Of course not. They already have customers willing to pay nearly $1,000 for their product. If Apple's tax bill was lower, the savings would go to Apple and its shareholders, not consumers.