Cochrane also makes the point that European nations tend to have low corporate tax rates and high consumption taxes (as VATs). This approach not only allows for relatively more job creation through low corporate tax rates, but also directly reduces consumption and thereby contributes to environmental sustainability.
An even better analysis from John Cochraine, "Now, who bears the burden of the corporate tax? The usual principle is that he or she bears the burden who can't get out of the way. So, how much room do companies, as a whole, have to raise prices, lower wages, lower interest payments, or lower dividends? It used to be thought that it was easy to lower payments to shareholders -- "the supply of savings is inelastic" -- so that's where the tax would come from. The newer consensus is that companies as a whole have very little power to pay less to investors, as you'll see in detail below, so the corporate tax comes from lower wages or, equivalently, higher prices. Then, indirectly, reducing the corporate tax would increase capital, which would result in higher wages." https://johnhcochrane.blogspot.com/2017/10/corporate-tax-burden-again.html?m=1
This is a dreadful partisan article that does not do justice to the case that cutting corporate tax rates will benefit American workers. For a more balanced perspective at minimum see the FactCheck article that acknowledges that many (though perhaps not most) see corporate tax cuts benefitting workers. For those who truly care about workers, I recommend digging even more deeply.
For instance, two points that do not show up in the empirical studies done by economists:
1). Yes, large corporations manage to reduce their effective corporate tax rates through various loop holes. But most smaller business do not. Thus high corporate tax rates may benefit large corporations at the expense of small businesses, which create the most jobs.
2). Relatedly, when companies are making a decision where to locate internationally, other things being equal they are more likely to locate to a nation or region with low rates and a long history of low rates. Why set up a manufacturing facility in a nation that might penalize you for doing so at any time? Thus if one looks at the systems used by major accounting firms to help corporations select sites for manufacturing plants, corporate tax rates definitely matter.