Dennis Lassila

Dennis Lassila (PhD) is a Professor of Accounting at Texas A&M University. Prior to that he taught at the University of Hawaii, St. Cloud State University, the University of Minnesota, and St. Johns University. His research in taxation has been published in over 80 articles in leading academic and professional journals and newspapers. In addition, he is the co-author of more than 25 professional and educational books and chapters of tax services.

Papers Published in World Economics:

Global Examination of Corporate Taxation and Economic Activity

Authors: Dennis Lassila, Katherine Taken Smith, Lawrence Murphy Smith & Rabih Zeidan

In virtually every country of the world, taxation is a major issue. Taxes of course are essential for governments to operate. Yet, if excessive, taxation can be onerous for taxpayers to accumulate the funds for payment. This study provides a full-scale global examination of the relationship of corporate income tax and economic activity, as measured by GDP per capita. In addition, the study examines the relationship of corporate income tax to public debt as a percentage of GDP. Findings indicate that lower corporate income tax rates are associated with significantly higher real GDP growth. In addition, lower corporate income tax rates are associated with lower, but not significantly lower public debt as a percentage of GDP.

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