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.

Prior research shows that the internet has enhanced information dissemination and facilitated economic development. However, the impact of the internet is not evenly distributed among countries or within countries of the world. While the internet facilitates an increase in economic activity, the economic reward from that activity is not evenly distributed to all segments of a society, which leads to income inequality. If income inequality is perceived as excessive, that may cause the population’s life satisfaction to go downward. Findings indicate a negative relationship between internet usage and income inequality, but a positive relationship between internet usage and life satisfaction. Thus, decreases in income inequality and increases in happiness are both associated with increases in internet usage.