Higher taxes on global corporations have the potential to reduce income inequality, especially if the revenues are used effectively to support social programs and investments that benefit lower-income communities. However, careful consideration must be given to the design of the tax system, complementary policies, and the potential impacts on economic growth to strike an appropriate balance. Ultimately, achieving equitable growth without stifling economic dynamism requires a nuanced approach that takes multiple factors into account. The effectiveness of higher corporate taxes in addressing income inequality without harming economic growth depends significantly on how the tax system is structured. Progressive taxation, where higher rates apply to companies with substantial profits, might minimize adverse impacts while still providing necessary revenue. How the tax revenue is utilized is crucial, dear Dariusz Prokopowicz Investments in infrastructure, education, healthcare, and technology can drive economic growth and enhance productivity, potentially offsetting any negative impacts of higher corporate taxes. Higher taxes alone may not be sufficient; coupling tax policy with labor market reforms, educational investments, and measures to support small businesses could enhance outcomes for economic growth and reduce inequality.

The burden of taxation in any form do not decrease the wealth. Taxes take but do not give. Only redistribution of collected taxes can increase the wealth and here by reduce the inequality.

Higher taxes on global corporations can help reduce income inequality if designed and implemented effectively. Research by the OECD and IMF shows that fair and coordinated tax policies—such as global minimum taxes—can raise revenue without harming growth, especially when funds are invested in social programs. However, poor design or lack of international cooperation may lead to tax avoidance and reduced investment, limiting the intended impact.

Higher corporate taxes can reduce income inequality if revenues are redistributed effectively, but to avoid harming growth, such measures must be balanced with investment incentives, transparency, and global coordination to prevent tax base erosion.