PwC Study Finds Retail’s Disproportionate Tax Burden Stifles Investment and Consumer Savings

Tax reform could lead to job creation, higher wages, lower prices and increased investment

Arlington, VA – November 14, 2012

A PricewaterhouseCoopers report commissioned by the Retail Industry Leaders Association (RILA) finds that comprehensive tax reform that reduces the corporate tax rate and treats all industries equally would provide a mix of benefits, including the creation of up to 327,000 new retail jobs, higher wages, lower prices for consumers, and increased capital investment.

The report also finds that in addition to being America’s second-largest private employer, the retail industry pays the fourth-highest domestic effective tax rate at 36.4 percent, more than 10 percentage points above the average for all other industries…

Read more from the original release here.