So, if all that happened was that the tax savings of 2.0 percentage points of GDP and some of the savings in taxcompliancecosts got reinvested, eliminating the corporate income tax would increase U.S. economic growth by 1.0 percentage point.
Taxation Commissioner Algirdas Semeta has claimed that the move would save businesses 700m a year in reduced compliancecosts, and has stressed that individual rates of corporation tax would remain a matter of national sovereignty.